general-faq-10

Since the Indian government encourages its citizens to invest in property, home loans, including Bajaj Finserv home loan, are eligible for tax deduction under section 80C up to Rs. 1.5 lakh from your taxable income. There are more ways to avail tax benefits: maximum deduction up to Rs. 2 lakh on the interest amount payable for a property whose construction is finished within 5 years or up to Rs. 50,000 for first-home buyers (if property’s worth is less than Rs. 35 lakh and value be within Rs. 50 lakh)