Question: I Have a
plan Buying a home. Which is best
pledging Gold, Life Insurance certificate or housing loan?
It is better you go
for Home loan instated of pledging Gold and Life Insurance certificate.
If you are a salaried person,
** It is cost effective; the home loan interest
rate is less compared to Gold Loan or / Life
Insurance Policy mortgage loan
** You can avail income tax benefit up to Rs.
1.5 Lakh as Interest portion per financial year .
** Repayment of Principle portion of home loan
can be used for section 80C benefit of IT act up to Rs. 1 Lakh per financial year
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