5 Advantages of Taking a Home Loan

Advantages of taking a home loan

‘Home’ conjures up images of comfort, joy, pride, and family. One of the biggest financial decisions you will likely make in your lifetime is whether to buy a home. If you are thinking about applying for a home loan, that decision becomes much more significant.

The majority of loans are regarded as liabilities. However, a house loan cannot be compared to gold loans or personal loans because purchasing a home is creating an asset that often increases in value over time, making home loans advantageous in the long term. The benefits of taking out a home loan are highlighted in the article below.

1. Affordable for all

A typical middle-class salaried individual may now more easily afford to buy a home, thanks to the home loan. Based on the applicant’s credit score and capacity to repay the loan, banks decide whether to approve or reject a home loan application. Lenders will rapidly accept your application if you have a steady source of income and the ability to make the agreed-upon EMIs. Home loans also have a lengthy term, often between 15 and 20 years, so the EMI is lower and more manageable.

2. Cost Effective Credit

In contrast to other kinds of loans, like gold loans or personal loans, lenders provide home loans at appealing and cheap rates of interest. According to the borrower’s profile and the lender’s policy, the interest rate typically varies from 7% to 8.5%.

3. Due Diligence of the Lender

Since purchasing a home is often a once-in-a-lifetime investment, you undoubtedly want to make sure the property is clear of any outstanding legal matters. When you apply to a lender for a home loan, the lender will thoroughly investigate both the property and the builder’s reputation. They will examine the paperwork related to the property and make sure the builder has all the necessary clearance certifications from the local authorities, as well as that the construction is lawful. If you look at top builders in Ernakulam, for instance, you will find that their upcoming projects are often pre-approved because of their long-standing record.

4. Tax Benefits

This is yet another important advantage of getting a home loan. If you pledged your property as collateral for a loan, you will be able to deduct taxes on both the principal and interest portions of the payback. You may deduct the payments of the principal portion of the mortgage under Section 80C. The highest deduction allowed in this case is ₹1.5 lakh.

5. Savings

Each payment you make on your home loan is essentially also saving you money for the future, as you are building equity in the property. As you build equity, you are essentially saving money because you have a greater ownership stake in the property. This can be helpful if you decide to sell the home in the future, as you may be able to sell it for more than you paid for it and use the proceeds to buy a new home or invest in something else.


Redefine your lifestyle with ABAD Signature

Offering a stunning blend of luxury and comfort, our latest project, Signature, is strategically located right at Kundannoor Junction, one of Kochi’s most accessible and picturesque locations. Ideally situated to give you easy access to what Kochi has to offer, the project has also been mindfully designed as a haven of luxury, tranquillity and exclusivity.

This 31-apartment high-rise, which offers 4-bedroom apartments, stands out for its tailored opulence. With a unique and one-of-a-kind layout, every floor has just two apartment units, which elevate your abode into a space of sumptuous contentment. Moreover, the wide balcony brings before your eyes a breathtaking riverscape that cannot be distilled into mere words. Signature stands apart from the rest because of its meticulous attention to detail that we, at Abad Builders, bring to every project, from the motorised gate system to the intricate security and safety system. Here, a better lifestyle becomes part of your everyday life.

The project has first-rate facilities brimming with opportunities to keep you active, entertained and living a healthy life. Check out the fitness facility, outdoor gym, party hall, health club and swimming pool on the rooftop, and other options to relax and enjoy from the comfort of a luxurious community space. These beautiful apartment amenities make your home more than a retreat; it also becomes a space where you can enjoy life better with family and loved ones. Apart from all of this, we provide you with a variety of concierge services to make your life that much smoother, from addressing necessities to everyday life to helping you with renting out your home, and resale opportunities.

We have established new standards by adopting strategies to secure the greatest possible energy savings, such as the rainwater harvesting system and the on-grid solar system. These strategies take into consideration the unavoidable necessity for environmental preservation and sustainability for a better future. Abad Signature is a masterpiece designed for the ultimate in luxury and comfort, coming up in a space that will allow you to define your elite lifestyle further. Here, we provide you with the opportunity to not only be yourself but also to live in a space that is an extension of who you are.

Don’t miss this opportunity to redefine your lifestyle with Abad Signature, The Best Builders in Ernakulam. These apartments for sale in Kochi are designed to be an extension of who you are, offering the ultimate in luxury and comfort. Contact us today to learn more about how we can help you find your dream home in this beautiful city.

Get in touch

8th Floor, Nucleus Mall & Office,
N.H.85 (Kundannoor – Petta Road),
Maradu. P.O, Kochi – 682 304.
Ph: +91 0484-4105000,
GSM: +91 9072349966





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ABAD Builders, set up in 1995, is Kerala’s first CRISIL-rated builder and has also acquired ISO 9001. The ABAD group, with a legacy that goes back to 1931, also has interests in seafood processing, hospitality services, facility & project management services and retail.


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