Other than helping you to meet your different monetary needs without restrictions, a personal loan also offers you quick approvals with flexible repayments. If you are an eligible candidate, you can access the approval for up to Rs.25 lakh. Reputed lenders also don’t take time to approve your loan application. If you are eligible, you can funds credited into your bank account within 24 hours*. It is also possible to repay the loan over a flexible tenor of up to 60 months. But, did you know that you can also avail of some tax benefits on personal loans? Yes, you may not be able to do that directly, but specifically using the loan money. Let’s take a look at a few ways you can avail some tax benefits on personal loans! Personal loan tax benefits at a glance
Bajaj Finserv provides pre-approved offers on personal loans, home loans and more. It is to simplify the processing of the loan. You can check out your pre-approved loan offers today after sharing your basic details such as your name and mobile number. Additional Read: Know How You Can Avail Tax Benefits On Personal Loan
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |