Barclays Home loans makes owning property a simple and fulfilling experience for you. With longer tenures and easier EMIs, loans become a breeze.
Features and benefits:
With Barclays Home Loans you can avail loans up to 80% of the property value, for tenures as high as 25 years!
The Barclays Home loan can be availed for:
- Purchase of a Ready property
- Repaying a loan already taken from other Housing Finance Company / Bank
Special features
- Attractive Interest Rates with variable interest rates
- Loan up to Rs. 5 Crore
- Convenient repayment through Standing Instruction or Electronic Clearing System
Tax Benefits on Home Loans:
- Interest paid on the home loan
On a home loan towards purchase / construction of residential house property, a deduction up to Rs. 150,000 towards the total interest payable may be claimed while computing the income from house property as per Sec 24(b) of the Income Tax Act, 1961. This deduction is allowed only for self - occupied property.
The interest towards home loan taken for purchase, construction, repairs, renewal or reconstruction of house property is also eligible for deduction under section 24(b).
- Principal repayment of the home loan
On a home loan for purchase/construction of a residential house property, the principal repayment up to Rs. 100,000 will be eligible for deduction from the gross total income as per Section 80C of the Income Tax Act, 1961, subject to fulfillment of prescribed conditions.
