Home Loans

Call us: 9910109874

Email: sunilmandal@acmespaces.com

A Home Loan is a Secured Loan offered against the security of a house/property which is funded by the bank’s loan .The Home Loan is a loan taken by a borrower from the bank issued against the property/security intended to be bought on the part by the borrower giving the banker a conditional ownership over the property ie. If the borrower is failed to pay back the loan,the banker can retrieve the lent money by selling the property.Home Loans in India are disbursed by many Banks, as the Loan Banking is one of the most important functions of the Financial Services.There are a number of banks which offer home loans at affordable rates. You can also avail loan against existing house for renovation or expansion etc.

 Acme Spaces: is working in association with various banks to provide you with quality service and put an end to your home loan problems. Your first choice when buying a home from Mortgage Capital is for you to obtain financing from one of the major banks. We have excellent relationships with most of the major banks and can assist you with your application .With a Better Property and Finance Solutions you can be sure of:

Smooth and efficient service:
As you are dealing with professionals you can expect smooth and efficient service

Various loans to choose from:
We help find a loan that's suited to your needs by offering you a choice from many leading loan providers.

Professional expert advice:
We help choose a suitable loan for you by advicing you from the beginning till the end of the process providing you with flexible solutions with a number of loan options suitable for your situation.

Better service:
We operate under highest standards and code of ethics to ensure you receive fair and ethical service.

  • To act with Honesty and Integrity at all times
  • To comply with all Laws and Regulations relating to the home loans and real estate industry.
  • To serve our clients Free of Conflicts of Interest
  • To maintain Confidentiality in all dealings
  • To operate with Full Disclosure
  • Ensures you receive quality and up to date advice.

Acme Spaces has put together the salient features of various banks home loan offerings at one place with their Rate Of Interest, Processing Fees, Prepayment Charges and EMI Chart.

Banks In Association With us

  • HDFC Bank
  • Axis Bank
  • LIC Housing Finance Ltd.
  • State Bank of India
  • ICICI Bank

Various Types of Loans

  • Home Purchase Loan
  • Home Improvement Loan
  • Home Extension Loan
  • Home Conversion Loan
  • Bridge loan
  • Home Construction loan
  • Land Purchase Loan
  • Loan Against Property

Tax Bnefits in Home Loan

Tax benefit for home loan processing fee is available under Section 2 (28A). Section 2(28A) of the I-Tax Act defines interest to include any service fee or other charge in respect of the monies borrowed or debt incurred. Therefore, the processing fee can be treated as interest and a deduction can be claimed accordingly.

Note: Both principal as well as interest of home loans attract tax benefits. With effect from 1st April 2005
(ie. assessment year 2006-07) under section 24(b) and 80C of the Income Tax Act 1961.

  • Principal amount of repayment of loan along with other savings such as PF, PPF, Life Insurance premium etc up to a maximum of Rs1,00,000/- will be eligible for deduction from gross income u/s 80C of Income Tax Act 1961.
  • For self occupied - Income will be treated as nil and interest payment upto Rs. 1,50,000/- will be treated as minus income which will be adjusted against other income under section 24(b) of the Income Tax Act 1961. For rental property – It will be adjusted against rental income Interest paid on loan before completion of construction will be allowed as deduction from income at 20% per year for the next five years.