New Tax Regime Shifts Home Loan Focus to Affordability

In India, the new tax regime is changing how people think about home loans.

Before, people often took bigger loans because they could save on taxes.

Now, with the new regime not offering these tax benefits, people are focusing more on how much they can afford to pay each month.

This means they are making more careful and conservative decisions about borrowing.

Lenders are also changing how they assess borrowers, looking more at their ability to repay the loan rather than just tax savings.

For first-time buyers, this means choosing loan amounts based on what they can comfortably afford rather than what gives the biggest tax advantage.