Home loan taxation benefits

Venkata Suresh (11 Points)

14 June 2024  

I want to take home loan from bank but one of my friend offered me the same amount at a lower interest rate(around 7%) than what the bank will give.I know I don't eligible to claim deduction under section 80C in principle amount part and also the floating interest rate benefits.Apart from this, is there any other disadvantages that I might get when compared to taking home loan from bank?