Some of us think that taking a loan to buy a residential property is
not a good idea and so, they start saving some amount from their
monthly income into recurring investment or a Systematic Investment Plan
(SIP) offered by mutual funds.However, financial planners recommend that for acquiring a house for self use, one should go for a housing
loan and pay EMIs in place of going for recurring investment or SIP in other investment product. Let's discuss the benefits of taking a home loan under income tax provisions.
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