Home Loan Tax Benefits
Section 24(b): Deduction up to ₹2 lakh/year on home loan interest (self-occupied). Section 80C: Deduction up to ₹1.5 lakh on principal repayment. Section 80EEA: Extra ₹1.5 lakh for first-time buyers (affordable housing).
Fixed vs Floating Rate?
Floating rates are linked to RBI's repo rate (via MCLR/EBLR). They change with RBI policy. Fixed rates remain constant but are usually 1–2% higher. Most borrowers choose floating for long tenures.
⚠️ Disclaimer: Rates shown are indicative. Actual rates depend on credit score, LTV ratio, property type, and lender. Source: RBI, NHB.
Last Updated: June 2025 · Reviewed by Wolf Office Tools Editorial Team