The benefit from home loan depends from different banks and NBFCs and here are the benefits and features of home loan.

• Get Tax benefits from home loan – when you get your dream home from home loan option then you will get various tax and up to the amount of tax deduction of Rs.1.5 Lakhs under section 80C of Income Tax of India 1971 Act in a financial year. It was also considered that you will get a huge chance of getting TAX benefits when you buy 2nd property for yourself under section 24B Income Tax of India.
• Home loan Balance transfer facility: When we get a home loan from a bank or NBFC charging high ROI, then you have a chance to do Balance transfer as to get the low ROI then the pervious bank.
• Get long tenure – every loan tenure has short period of repayment time where home loan has a tenure option of maximum up to 20 Years.
• Price rise in property – the best investment is buying home as because overtime the price of the particular property rises at an increasingly high rate.
• Increase your CIBIL score – when you get the home loan and repay the amount on time then you’ll create a healthy CIBIL score without any problem which help you to get the next loan for Low Rate of interest as well.