Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's
You have a Loan Balance Transfer of
Rs.50,00,00
You also have pre-approved of Health EMI Network Card of Rs. - Get it Now
A co-owner also a co-applicant of joint home loan like the borrower can enjoy home loan co applicant tax benefit and claim a maximum amount of Rs. 2 lakh as a tax return on home loan interest rates deduction.
Each co-owner qualifying joint home loan eligibility can become a co-applicant for the home loan and claim a total amount of Rs. 1.5 Lakh on principal repayment. For the registration and stamp duty the co-owners can split the payment and claim returns of 80C deductions. However this should be claimed within a year of payment to enjoy joint home loan tax exemption.