By owning a home that you can call home and enjoy the pleasures of life. Citi provides mortgage interest rates starting at 6.65% *. Loans to provide a maximum limit of INR 10,000,000 will cover 80% of the property value. You can also pay sooner or save using the optional Home Credit function. * Please refer to the price list for more information.
For most people, purchasing a home is a once-in-a-lifetime opportunity and an expensive undertaking. Giving such a dream life needs a lot of effort on the purchasers' behalf, and the easiest way to fit a property into their budget is to take out a Home Loan.
The word 'home' conjures up images of comfort, joy, pride, and family time. Every homeowner will tell you that her home offers her a sense of belonging and that ownership is sacred; it is one asset she would never swap for anything.
Now is a wonderful time to start planning your house purchase if you want to feel a sense of ownership, pride, and delight. It doesn't have to be expensive to become a homeowner. You can apply for a home loan to make your dream of buying a home a reality. There are various advantages to taking out a home loan, including tax benefits on interest paid and loan amount repaid. Apply now to become a homeowner rather than later; the home loan provider will aid you in evaluating the builder's reputation and track record, as well as the legal paperwork connected to the structure.
In addition to these advantages, there are three more advantages to becoming a homeowner in today's world:
- Low property prices: Homebuyers now have a variety of cheap housing options. For a home buyer, this has two benefits: on the one hand, she can afford a larger property or acquire one for less money than she had budgeted. On the other hand, she can take advantage of additional advantages of buying a property with a home loan, such as tax advantages, putting a small down payment and then utilising a home loan to cover the rest, and a longer loan payback term of up to 30 years.
- Lower GST (Goods and Services Tax) rates on home purchases: The GST (Goods and Services Tax) rates on home purchases have been drastically decreased. Currently, the GST rate on residential home purchases is 5% (1% for affordable homes) without the advantage of an input tax credit (ITC). Buying a property now will allow you to take advantage of these cheap rates.
- Low interest rates: Home loans have been relatively reasonable in recent years as interest rates have fallen. Cheaper interest rates translate to lower EMIs, making home loans more appealing and affordable.
