Need A Financial Product Forums Loans Can I get SBI Maxgain loan for purchasing shop

This topic contains 1 reply, has 2 voices, and was last updated by  Laxman Subir 3 years, 2 months ago.

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  • #46991

    Laxman Subir
    Member

    I want to purchase a shop. Can I get a home loan for the purpose? Will I be eligible for SBI maxgain? Will I get any tax benefit on this purchase like it is available for home loan?

    #46992

    Kirti Desai
    Member

    SBI maxgain is not applicable for purchasing a shop. This loan will not fall under home loan. You can get a loan under the head of personal loan or commercial loan from a bank. Since it will not be a home loan, you will not get any tax benefit on it.

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