The country took a keen interest as the Finance Minister, Arun Jaitley, presented the Union Budget 2016-17. An important announcement was made where first time home buyers will benefit from an additional tax relief of Rs 50,000 per anum, assuming that the cost of the house does not exceed Rs 50 lakh and the loan amount is Rs 35 lakh.
In this video, Adhil Shetty – Founder & CEO, BankBazaar, breaks down this information for us and tells us how the budget will impact Home Loan borrowers.
