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Financing for your dream home
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GR Pinnacle is approved by almost all leading financial institutions. Some of the institutions who have already approved the project are listed below. Please click on the relevant financial institution to learn more about their home loan schemes.
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Services
Most HFCs / Banks offer a wide range of personalized home loan services. Sometimes sanctioning loans even before a property is identified. Additional charges other than interest usually include processing and administrative charges and are expressed as a percentage of the loan amount - usually 1% to 2% of the loan amount.
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Tax Benefits
The Income Tax Act 1961, allows tax concessions on both the principal and interest components of the loan. The upper limit of the amount of deduction of interest payment deductible from your gross total income is now Rs.1,50,000 per annum. In addition, sec. 88 offers tax benefits for principal repayments up to Rs.20,000.
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