Concession for Female Lenders on Home Loan

Published : 22 June 2023
Updated : 24 May 2024
Concession for Female Lenders on Home Loan


According to the government, women home loan borrowers can avail of a discount on stamp duty ranging from 1 percent to 2 percent. In this way, they can save around Rs 50,000 - Rs 1,00,000 on a property worth Rs 50 lakh.

Property ownership not only provides security but is also regarded as one of the long-term value-creating investments. Although investing in real estate has traditionally been dominated by men, women are increasingly seeing the benefits of doing so. However, raising the necessary finances is not always simple. 

This is where home loans come in. As a result, many banks, non-banking financial institutions (NBFIs), and mortgage lenders are giving exclusive and competitive home loan interest rates to female candidates. In addition, women house loan borrowers might get a 1% to 2% discount on stamp duty, according to the government. They can save between Rs 50,000 and Rs 1,000,000 on a property worth Rs 50 lakh in this manner.

Other advantages for female loan applicants who are taking Home Loan

Women pay less in stamp duty

Stamp duty is an additional cost that raises the property's price. Several Indian states offer a 1% to 2% decrease in stamp duty to encourage women to buy property. Again, this results in huge savings.

The advantages of taxation

Women are not entitled to separate tax advantages for home loan repayment. The highest tax deduction for principal repayment and interest payments is Rs 1.5 lakh and Rs 2 lakh, respectively. If a husband and wife jointly own the property and each earns a different type of income, both may be entitled to tax breaks.


Empowering women by offering them a concession on Home Loans. There are additional benefits to women home loan borrowers. You can take advantage of the scheme instantly. Apply for a home loan and get your loan approved hassle-free.