Home Loan Benefits For Women In India: Check What Advantage They Can Avail
Zee Media Bureau
| Dec 25, 2023, 12:49 PM IST
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Home Loan Benefits For Women
![Home Loan Benefits For Women Home Loan Benefits For Women](https://english.cdn.zeenews.com/sites/default/files/2023/12/25/1341131-untitled-design-2023-12-24t225656.660.jpg)
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Interest Rates
![Interest Rates Interest Rates](https://english.cdn.zeenews.com/sites/default/files/2023/12/25/1341128-untitled-design-2023-12-24t225602.900.jpg)
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Eligibility Criteria
![Eligibility Criteria Eligibility Criteria](https://english.cdn.zeenews.com/sites/default/files/2023/12/25/1341125-untitled-design-2023-12-24t225416.922.jpg)
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Tax Benefits
![Tax Benefits Tax Benefits](https://english.cdn.zeenews.com/sites/default/files/2023/12/25/1341121-untitled-design-2023-12-24t224603.233.jpg)
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Benefits Under Pradhan Mantri Awas Yojana
![Benefits Under Pradhan Mantri Awas Yojana Benefits Under Pradhan Mantri Awas Yojana](https://english.cdn.zeenews.com/sites/default/files/2023/12/25/1341118-untitled-design-2023-12-24t224444.980.jpg)
As we all know that the Pradhan Mantri Awas Yojana (PMAY) is a government initiative, stands as a widely embraced credit-linked subsidy scheme (CLSS) aiming to offer cost-effective housing solutions to residents across the country. Furthermore, when a woman applies for a home loan under the CLSS, she becomes eligible for interest concessions, providing an extra incentive for female applicants seeking affordable housing.
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Stamp Duty
![Stamp Duty Stamp Duty](https://english.cdn.zeenews.com/sites/default/files/2023/12/25/1341115-untitled-design-2023-12-24t224310.882.jpg)
When registering a home, the state government imposes a legal tax known as stamp duty. This fee is incurred during the property purchase process and can be a substantial expense. However, women are eligible for a reduced stamp duty, typically ranging from 1 percent to 2 percent less than the standard rate.