Deduction on Interest & Principal

Home loans offer tax deductions on both interest (Sec 24) and principal repayment (Sec 80C), helping borrowers save significantly.

Interest Payments Are Deductible

Education loan interest is tax-deductible under Section 80E for up to 8 years, making higher education more affordable.

Interest Is a Deductible Expense

For business loans, interest paid is treated as a deductible expense, reducing taxable income for entrepreneurs.

Specific Tax Benefits

Loans used for purposes like home renovation or business expenses can offer valuable tax deductions, making them a smart financial choice beyond just borrowing.

Indirect Savings Possible

Using personal loans for home-related expenses or business can sometimes help avail tax benefits, if properly documented.

Smart Loans, Stress-Free Finances

Hero FinCorp personal loans make borrowing simple, with flexible terms and quick approvals. Take control of your finances; start today!