Taking a loan is more than just borrowing money—it’s also an opportunity to save on taxes. However, many borrowers are unaware of the deductions and exemptions available, leaving potential savings on the table.
At Vizzve Finance, we help borrowers understand and leverage tax benefits to reduce financial burden while achieving their goals.
Commonly Overlooked Loan Tax Benefits
Home Loans
Principal Repayment (Section 80C): Deduction up to ₹1.5 lakh per year.
Interest Payment (Section 24(b)): Deduction up to ₹2 lakh per year.
First-Time Homebuyer Benefits (Section 80EE/80EEA).
Education Loans
Interest Payment (Section 80E): Full interest deductible for up to 8 years.
Business Loans & Other Loans
Interest on loans for business or investment purposes may be deductible under relevant sections.
💡 Vizzve Finance Tip: Always link your loan type to applicable tax sections for maximum savings.
How Vizzve Finance Helps Borrowers Save on Taxes
Loan Guidance – Advising borrowers on which loans qualify for deductions.
EMI Planning – Align repayments to optimize tax benefits annually.
Transparent Documentation – Providing clear statements for easy tax filing.
Education & Support – Helping borrowers understand applicable tax laws and sections.
Benefits of Using Loan Tax Benefits Wisely
Lower your annual tax liability.
Reduce the effective cost of borrowing.
Improve financial planning and savings.
Build good borrowing habits with long-term financial advantages.
With Vizzve Finance, loans aren’t just a means to borrow—they’re a way to save smartly while achieving your financial goals.
FAQs
1. Which loans provide tax benefits?
Home loans, education loans, and certain business or investment-related loans are eligible for deductions under specific sections of the Income Tax Act.
2. How much can I save on taxes with a home loan?
You can claim up to ₹1.5 lakh on principal repayment and ₹2 lakh on interest payment per year, with additional benefits for first-time homebuyers.
3. Are education loan interest payments deductible?
Yes. Interest paid on education loans can be deducted under Section 80E for up to 8 years.
4. How does Vizzve Finance help maximize tax benefits?
We provide transparent EMI statements, expert guidance, and tips to align repayments with tax savings, ensuring you don’t miss out.
5. Do personal loans offer tax benefits?
Typically, personal loans don’t offer tax benefits unless used for specific purposes like business or investment.
Published on : 13th September
Published by : SMITA
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