Property Buying Tips: If you also register your wife's name in your property papers. And you apply for a home loan. So can you get a cheaper home loan? Know the answer.

Everyone has a dream in their life that they can buy or build a house of their own. Many people try very hard to fulfill this dream. Only then their dream is fulfilled somewhere.

People collect a lot of money to buy a house. But many times the money they have to collect falls short. So in such a situation, a home loan supports people. Which helps them to fulfill their dream.

Many banks and non-banking financial companies provide home loans. But if you know some things while taking a loan, then you can get a cheaper loan. Let us tell you an important thing related to this.

Do you know that if you register your wife's name in your property papers and apply for a home loan, then you can get a cheaper home loan? Yes, many banks and NFBCs provide you with this facility.

If a woman is the co-owner of the property and co-applicant for the loan, then there is a discount of 0.05 to 0.1 in the interest rate. That means you get a cheaper loan. Therefore, definitely get your wife's name registered in the property.

Not only this, you also get some percentage discount in stamp duty. If the names of two people are registered in the property, then under section 80c of income tax, you get separate discounts of up to 1.5 lakhs and under section 24B, up to 2 lakhs.

In many states of the country, property is registered in the name of women, so there is also a discount in property tax. On the other hand, if your wife has a good salary. And if your CIBIL score is good then you can also be eligible for a bigger loan.