Kolo - Home Design & Consruction App
Sajan Thomas

Sajan Thomas

Service Provider | Ernakulam, Kerala

WHY TAKE HOME LOANS? In India, real estate is the second largest employer after agriculture and is slated to grow at 30% over the next decade. The Indian real estate market is expected to touch US$ 180 billion • Rented House to Own House: If you are residing in a rented house, then it is always advisable to take a home loan and shift to your owned house. Rent will compensate your EMI (Equated Monthly Installments) and this will also give you capital appreciation. Investment in the property by taking housing loan will not only give capital appreciation but also peace of mind, social respect and recognition. • High Property Price: As price of the property is very high and buyer may not be having all the amount, bank or NBFC are there to lend you money in the shape of housing loan for which they charge interest on the loan amount. • Income Tax Rebate on Home Loan Interest Payment: As per Income Tax Act 1961, If you are paying housing loan EMI, which consists interest and principal com
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