5 Home Loan Benefits Women Can Avail In India

Zee Media Bureau
Mar 07, 2024

International Women's Day 2024

Every year, International Women's Day 2024, is celebrated on March 8 of every year.

1. Interest Rates

interest rates are an important factor in any loan. Many banks and lending firms are offering home loans at discounted rates.

2. Eligibility

If women are applying for a home loan, they get relaxation in eligibility criteria. Not all but many of the financial institutions have such provisions.

3. Tax Benefits

Women are entitled to get tax benefits under Section 80EE and Section 80EEA of Income Tax Act 1961. These deductions are for the first time buyer.

4. Pradhan Mantri Awas Yojana

Women are entitled to get home loans at low-interest rates. They are eligible for the concession in rates under the CLSS and PMAY.

5. Stamp Duty

Stamp duty is a legal tax imposed by the authority on registering a home. Women enjoy reduced duties in the country.

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