Home   >>    Articles   >>    Historical Queries   >>     Home Loan   >>    26561-house-fathers-shall-paying-home-loan-questions-tax
Get Home Loan Offers
A maximum of 5 providers will compete to give you the best rates (Aug 2018)
 
 
 
Yes No    
 

Preferred Banks
  •  Any 5
  •  INDIABULLS
  •  ICICI BANK
  •  HDFC
  •  AXIS BANK
  •  KOTAK BANK
  •  DHFL
  •  STAN CHART
  •  HSBC
  •  CITIBANK
  •  RELIANCE
  •  IDBI BANK

 
 
 
 
 
 

I authorize the website and its partner providers like HDFC Ltd, ICICI Bank, DHFL and other banks/NBFCs to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

Search Queries related to...

Did not get what you were looking for? Ask an Expert


Ask An Expert

Date : Aug 16, 2009

Question

Sir, I wish to take a house in my fathers name and I shall be paying the home loan, my questions are, 1) Will I get any tax benefit 2) As I am paying the loan do I need to obtain NOC from other legal heirs to avoid any problems in future.

Answer

You can get a home loan based on your income. Your father will have to be a co-borrower to the said loan as he will be the sole owner of property. You will not be able to claim tax deduction benefits on gthe home loan if you are not the co-owner to the said property as well as a co-borrower to the said loan.

 

 

26281

hello sir.. i have applied for a home loan of rs 45 lacs and actual property cost is of 84 lac

26279

Sir, My mom has got a loan of about 4.5 lakhs in SBI. Since i have got a job now, I am willing

26278

Hello Sir, I have taken Home loan (Home Saver product) from SCB. This product had a feature fo

26276

shall Igo for take over of 15 lakhs ,in hdfc out standing is 850000 with 8.75% fixed rate

26274

sir, due to my mothers demise i couldnt pay LIC housing loan for 4 months. what is the penulty?

26273

I want to gift my flat to my mother . For registering the flat in my mother's name I will requi

26272

Hi Harsha, I am almost finalised the property and want to go for a home loan. Combinely my spou

26267

I have taken a Home Loan from Axis Bank in February 2009.the loan is 9.75% , wanted to know if

26266

I had taken a home loan for a property under construction and possession is due in March 2010.

26263

Hi Harsh, I want to take a home loan for construction on top of our house which my father owns

26262

Sir i have taken a home loan in 2004 from icici bank.the amount was 870000.I am on a floating r

26261

i already have home loan on my first house and am taking it benefit towards repayment of loan.

26259

i am a serving naval officer posted at mumbai. i am planning to buy a flat in hyderabad. i am l

26256

whether co-borrowers of a home loan needs to be co-owners (sale deed jointly) to claim Income t

26254

I am looking to buy a House(starting off with constuction now and will be delivered in 2010) in

26252

I am working in Pune but interested to buy flat in Delhi/NCR. From where i can get the Home Loa

26249

Should I go for Axis bank or lic for home loan? Axis doesnt charge penalty on prepayment or tra

26247

Which bank to be choosen for taking home loan. What should be our important parameters to analy

26246

hi, i am salaried person and working in centre govt as a parmanante employee, i would like to t

26245

Hi i am planning to take the home loan of around 20lacks.but already am paying a personal loan

26244

Hi Sir, Me and My brother both are working and our CTC is 8Laks PA. Will it be possible for us

26240

Dear Sir wat r the requirements for taking home loan for purchasing a new home?

26239

Dear Sir, I have taken a housing loan from State Bank of Hyderabad. Bank has offered me to sel

26238

Please indicate which of the following is better for a homeloan, SBI, LIC, HDFC, ICICI. what ar

26235

is it wise to go for a home loan with Rs.21000 net salary per month, my proposed flat cost to R

26234

Dear Sir, I am the resident of Mumbai, working with a Ltd. Co.in Mumbai, I have a decided to ta

26233

I am a serving army personal and serving in Army since last 15 years as a rank of havildar cler

26231

Hello Harsh, My father currently owns a flat in Mumbai, the apartment is getting demolished by

26229

Can I foreclose my ICICI bank lomeloan by switching the lender?[Please enter your question here

26228

sir, I am salaried person working in delhi and my wife is hosewife.i am planning to buy appartm