Home Loan

> >

Provisional Certificate for Home Loan

What is the Home Loan Provisional Certificate?

Banks and non-banking financial companies such as Bajaj Finserv offer borrowers a statement of their home loan account, as a summary of the interest and the principal amount the borrower has repaid towards their home loan for the financial year. This is a home loan certificate that serves as a proof of home loan repayments by the borrower.

In several cases, the lender may also provide a provisional certificate for home loan at the beginning of the financial year to indicate the amount the borrower has to pay for that year.

How to Get Home Loan Provisional Certificate?

It is very easy to obtain a provisional certificate for home loan, as most lenders allow their customers to access their home loan details online. Therefore, the borrower only has to visit the official website of the lender or download the app, login to their account, and access their home loan statement, provisional certificate for home loan, and other relevant documents.

What is the Use of Home Loan Provisional Certificate?

Borrowers mostly use the provisional certificate for home loan for claiming tax deductions. There are different tax deductions for the principal and the EMI component of a home loan. The borrower can claim a certain amount against the principal they have repaid, under Section 80C of the Income Tax Act. Likewise, they can claim a part of the interest they have paid, under Section 24. Additionally, they can also claim the registration fee and stamp duty charges as deductions.

For successfully availing these home loan tax benefits, the borrower requires to submit their home loan certificate or home loan provisional certificate while filing their returns.

Home Loan Instant Approval

Please enter your first and last name
Please enter 10 digit mobile number
Please enter valid Office Email ID
Please select your employer name from list

People Also Considered

Home Loan EMI calculator

Calculate your monthly EMI, installments and rate of interest applied on the loan amount

CALCULATE NOW

Home Loan Balance Transfer

Get a top-up loan without any extra documentation

APPLY NOW

Home Loan eligibility calculator

Determine your Home Loan eligibility and accordingly plan the application amount

CALCULATE NOW

Homes and Loans

Find your dream home from
18000 + properties

Explore More