• Revolutionary home loan concept designed to help reduce the interest paid, and pay off the loan faster.
• Deposit and withdraw your money (salary and other income) whenever you need, without any charges
• Interest calculated on daily balance and applied monthly
• Access your money whenever you need with free globally valid ATM-cum-Debit card

The graphic below shows how HomeSaver operates

The table and graph below show how you can save on interest costs as well as shorten the tenure on your loan by opting for HomeSaver.

Particulars	Normal Home Loan	HomeSaver
Loan Amount	1000000	1000000
ROI	14%	14.25%
EMI (Rs.)	12435	12617
Loan Tenure (months)	240	240
Total interest Repaid (Rs.)	19,84,448	12,59,260
Actual repayment period (months)	240	168
Savings on Interest (Rs.)	-	725188
Tenure Reduced By (months)	-	72 months

Assumptions: Gross monthly post-tax income of Rs. 33,500; Monthly expenses of Rs. 20,000

The rates assumed above are just for demonstration purposes. The interest rate applicable on your loan would be as mentioned on your Sanction Letter.

Savings compared to normal Home Loan
Savings on Interest: 36.5%	Reduction on Tenure: 30%

Insurance is a subject matter of solicitation. Your (customer’s) participation in the insurance products is purely on a voluntary basis.

Interest paid on the home loan

As per Sec 24(b) of the Income Tax Act, 1961 a deduction up to Rs. 150,000/- towards the total interest payable on the home loan towards purchase / construction of house property can be claimed while computing the income from house property. (The deduction amount is Rs 30,000/- in case of loans taken prior to March 1, 1999). The interest payable for the pre-acquisition or pre-construction period would be deductible in five equal annual installments commencing from the year in which the house has been acquired or constructed.

In case of self occupied property, this deduction is allowed only for one such self - occupied property. The interest towards home loan taken for purchase, construction, repairs, renewal or reconstruction of house property is eligible for deduction under section 24(b).

Principal repayment of the home loan

As per Section 80C read with section 80CCE of the Income Tax Act, 1961 the principal repayment up to Rs. 100,000 on your home loan will be allowed as a deduction from the gross total income subject to fulfillment of prescribed conditions.