Re-payment of home loan from personal loan

Viewed 956

I had a home loan of Rs. 10 lac taken in 2009 in a financial institution SBNP. Took personal loan from a nationalized bank in 2011 and pre-paid the housing loan from the personal loan amount of Rs. 3 lakh. Paying interest and principal for both to each financial institution.

Could I get tax benefit for the interest part, which I am paying for personal loan?

1 Answers

There won't be any tax benefit for interest paid on personal loan. Only interest payment of home loans and education loans have tax benefit.

Related