+12 Home Equity Loan Tax Benefits In India 2022. A capital improvement is an improvement that increases your homes value. If the loan is taken jointly, each loan holder can claim a deduction for home loan interest up to rs 2 lakh each and principal repayment under section 80c up to rs 1.5 lakh each.

Is having a good credit score necessary for. Loan availed to fund the purchase of a home should be rs. Upto rs 1.5 lakhs on principal repayment: