While buying a dream house or applying for higher studies, loan borrowing is an important procedure if you don’t have strong financial backing. Moreover, it is also said that a loan provides lots of benefit to an individual but many a times its repayment becomes an expensive task which let the borrower fell pray of a debt trap.
However, there are several loans available in the market which can provide a great relief to the borrowers along with tax exemptions too. Important among these are home loans, personal loan, education loan etc. Let’s discuss them in detail to know the tax benefits: