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.
Calculate your monthly EMI, installments and rate of interest applied on the loan amountCALCULATE NOW
Get a top-up loan without any extra documentationAPPLY NOW
Determine your Home Loan eligibility and accordingly plan the application amountCALCULATE NOW
Find your dream home from
18000 + properties