Home Loan: Not a Burden, But a Smart Financial Tool with 5 Big Benefits

• Home loans offer significant income tax savings under Section 24(b) and Section 80C, with joint applicants claiming separate benefits.
• Banks conduct thorough legal verification during home loan processing, protecting buyers from property disputes.
• Taking a home loan allows you to preserve savings for other investments or retirement planning, as interest rates are lower than other loans.
• Top-up loan facility is available at lower interest rates for home improvements, linked to the home loan tenure.
• Timely EMI payments strengthen your credit score, and some banks offer discounts for female co-applicants.