Re-payment of home loan from personal loan

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?

asked Jan 05 '12 at 17:49 by muthu 1●1

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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.

answered Jan 05 '12 at 17:55 by Pankaj Batra 5.2k●3●20

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interest ×9
tax-benefit ×7
home-loan-payment ×2
personal-loan ×1

Asked: Jan 05 '12 at 17:49

Seen: 1,050 times

Last updated: Jan 05 '12 at 17:55

Re-payment of home loan from personal loan

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