An Overview of Home Loans for Women

Kishan Thakkar K

We often overlook the cost-saving opportunity when negotiating rates of interest for home loans and processing fees. The major concerns of every home loan borrower are being able to take out a larger loan amount so one can afford their dream home. By taking certain steps, one can reduce these concerns to a certain extent along with enjoying a variety of other benefits. 

Home loans for women can solve the concerns.

Many women are now able to contribute financially to home loans. A home loan for women offers many advantages. Let’s look at some of them.

What Are the Major Benefits?

  • Higher Loan Eligibility
  • Income Tax Benefit
  • Lower Stamp Duty
  • Higher Chances of Home Loan Approval
  • Pradhan Mantri Awas Yojana (PMAY): A government subsidy of up to Rs. 2.67 lakhs can be obtained on the principal amount of the home loan.

Eligibility for Home Loans for Women

  • She should be a Citizen of India
  • Her age should be above 20 years and below 60 years
  • She should have work experience of a minimum of two years
  • Credit Score should be 650 or above
  • Monthly family income of Rs. 15,000 or more

A woman’s participation in a home loan application or co-borrowing not only reduces the burden of EMIs on an individual, but marks a significant step towards women’s empowerment as well.

You can also join our newsletter to continue receiving similar information, advice, and recommendations!

For more insightful and detailed blogs, subscribe to us on The Real Talks and continue reading the latest industry trends. You can also reach out to Roodland India at info@roodland.com to get assistance in any service related to the real estate sector.

close

Subscribe To Our Newsletters

We don’t spam! Read our privacy policy for more info.


SUBSCRIBE TO OUR NEWSLETTER

To be updated with all the latest blogs, news and special announcements.