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Vijaya Diagnostic Centre, a healthcare company, announced that it has set a price range of Rs 522-531 per share for its Rs 1,895-crore initial public offering. The three-day initial public offering (IPO) will begin on September 1 and end on September 3. Dr S Surendranath Reddy, the promoter, and investors Karakoram Ltd and Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I are selling 35,688,064 equity shares in the IPO. Reddy will sell 50.98 lakh equity shares, Karakoram will sell 2.95 crore equity shares, and Kedaara Capital will sell 11.02 lakh shares as part of the offer for sale. The promoter and promoter group currently own 59.78 percent of the company's shares. Reddy has a 37.78 percent ownership in the company. Karakoram and Kedaara Capital own 38.56 percent and 1.44 percent of Vijaya Diagnostic, respectively. The inaugural share sale is expected to garner around Rs 1,895 crore at the top end of the pricing band. Qualified institutional investors (QIBs) quota will be half of the issue size, retail investors quota will be 35%, and non-institutional investors quota would be 15%. Investors can bid for a minimum of 28 equity.. Vijaya Diagnostic Centre's extensive network, which includes 80 diagnostic centres and 11 reference laboratories spread across 13 cities and towns in the states of Telangana and Andhra Pradesh, as well as the National Capital Region and Kolkata, provides customers with a one-stop solution for pathology and radiology testing services.

Bonuses are paid by employers to encourage their staff to work to their full potential. The Payment of Bonus Act of 1965 establishes a statutory bonus, which is frequently mistaken with the incentive bonus offered by companies. Unlike an incentive bonus, which is paid out of pocket, a statutory bonus is required by law. The payment of a statutory bonus under the Payment of Bonus Act is a matter of entitlement for the employee, not of choice for the employer. The minimal amount of Statutory Bonus payable to an employee should be in accordance with the Payment of Bonus Act's rates and computations. The Act makes no provision for an employer to give a bigger bonus to his or her employee voluntarily. The applicability and calculations of Statutory Bonus are discussed in this blog. The Act's Applicability The Payment of Bonus Act of 1965 applies to all factories and establishments with a workforce of 20 or more people. Departments, undertakings, branches, and other establishments are all included under the Shops and Establishments Act of various states. Even if the number of employees falls below 20 after the establishments become subject to the Act, they should continue to pay the incentive. Bonuses are available to employees who meet certain criteria: Only employees who have worked in a business for at least thirty (30) days in a calendar year are eligible for a bonus. In any accounting year, an employee is assumed to have worked in an establishment on days when he or she has been laid off, on leave (with pay), or absent owing to temporary disablement caused by an accident arising out of and in the course of his employment, or when taking maternity leave. If an employee's services are terminated owing to fraud, rioting, or violent behaviour on the grounds of the establishment, or due to an act of theft, misappropriation, or sabotage of the establishment's property, the employee may be barred from earning bonus payments from his employer. Any agreements between the employee and the employee regarding bonus nonpayment are void. Deductions in the amount of bonus to be paid If an employee is found guilty of misconduct during an accounting year that results in a financial loss to the employer, the employer may deduct the amount of the loss from the amount of bonus payable to the employee for that accounting year only, and any remaining balance, if any, shall be remitted to the employee. Startups and new businesses have special provisions. For the first five years, startups and new businesses have been exempted from paying bonuses. Employers can only pay Statutory Bonus in the first five (05) years after the accounting year in which the new establishment/ startup begins operations, and only in the years in which the employer makes a profit. Bonus Minimum and Maximum An employee should be paid a minimum bonus of 8.33 percent of his or her income or compensation received during the accounting year, or Rs. 100, whichever is larger, according to the Act. Because bonuses are paid from the establishment's allocable earnings, if the allocable surplus exceeds the amount of the minimum bonus payable to employees in a given year, the employer should pay a bigger bonus. It's worth noting that the Act sets a maximum bonus payout of 20% of the employee's income or compensation earned throughout the accounting year. Bonus Payable Calculation Employers must provide bonuses if their employees' gross earnings are less than Rs. 21,000 per month. The bonus will be calculated as follows: If the salary is equal to or less than Rs. 7000/-, the bonus is determined using the following formula: Salary x 8.33/100 = Bonus If the salary is more than Rs. 7,000/-, the bonus is computed following the formula: Bonus = 7,000 x 8.33/100 if the salary is more than Rs. 7,000/- Note: Salary refers to the whole of the basic salary plus the Dearness Allowance. Example 1: If A's monthly salary is Rs. 6000/-, her bonus will be = 6000 x 8.33/100 = 500 per month (Rs. 6000/- per year). Example 2: If B's monthly salary is Rs. 7000, his bonus will be Rs. 583 every month (Rs. 6996 per year). Example 3: If C's monthly salary is Rs. 15000, her bonus will be = 7000 x 8.33/100 = 583 per month (Rs. 6996/- per year). Method of bonus payout and time limit for bonus payment: All payments due to the employee as a bonus under the Act's provisions must be paid in cash. This means that bonuses cannot be disguised as perquisites or allowances by the employer. Statutory Bonuses must be paid within eight months after the year's end. For example, bonuses for the fiscal year ending March 31, 2019 must be paid by November 30, 2019. Bonuses are not required to be paid: Payment of the minimum bonus may be waived in specific instances by the competent authorities, taking into account relevant conditions of a particular factory or business that is losing money, and may be given for a limited time only. The reasons for the occurrence of losses to the company, as well as the reasons and cleverness in the occurrence of losses in a row, may be crucial considerations. The variables must be reasonable, and there must be no desire to dodge bonus payment by inflating losses (mens rea). When a bonus is not given or the Act is broken in any way, there is a penalty: If a person violates the requirements of this Act in any way, he or she shall be punished by imprisonment for a period not exceeding six (06) months, a fine of Rs. 1000, or both. Employees in the following categories are exempt from the Bonus Payment Act: Employees of the Life Insurance Company, as specified under Section 42 of the Merchant Shipping Act of 1958. Employees employed by firms who have registered or been listed under the Dock Workers Act of 1948. Employees in any industry under the supervision of the federal or state governments. Employees of the Indian Red Cross Society or non-profit educational institutes. Personnel of the contractor who work on the construction site Reserve Bank of India (RBI) employees Employees covered by Section 3 or Section 3a of the State Financial Corporation Act (SFC) 1951. Employees of the International Finance Corporation, the Deposit Insurance Corporation, and the Agriculture Refinance Corporation. Any financial institution that the Central Government has approved is a public-sector establishment. Inland Water Transport Establishment workers.

It can take a long time to sell an automobile. Even if locating a possible buyer has grown easier (thank you, internet! ), the process of transferring ownership of your car to the new owner still exists. Simply explained, car ownership transfer is the process of transferring ownership of your vehicle to another person (buyer in this case). This method substitutes your name on your vehicle's registration certificate with the buyer's. When is it necessary to transfer ownership of a vehicle? Only the following situations necessitate the transfer of car ownership: Sale as usual. The owner has died. Vehicle purchased in a public auction. Furthermore, this transfer can take place either within your own state or across state lines. But, whatever the cause, there are a few documents that must be filed to your local RTO in order to complete the car ownership transfer. Documents Needed to Transfer Car Ownership Registration certificate (RC) - The seller's original registration certificate (RC). It's also possible that the RC is a smart card. Address proof documents include the most recent utility bill (electricity, telephone, water, gas, and so on), as well as any KYC document containing the permanent address. Auto Insurance Certificate - The vehicle's valid car insurance certificate. PAN - Both the seller's and the buyer's PAN. PAN is only required if the car's sale price is Rs. 50,000 or more. PUC Certificate - Pollution under Control certificate that is valid. For automobiles purchased before April 2010, PUC must be renewed every three months. The PuC must be renewed every year for automobiles purchased after April 2010. Form 28 -Application for and receipt of a No Objection Certificate (Form 28). Before selling a car, you'll need to fill out Form 28 to get a No Objection Certificate from your local RTO. It is only required in the event of an interstate transfer of ownership. In Maharashtra, however, it is required upon an intrastate transfer of ownership. This form, together with other essential documents, must be filled out completely and submitted to the RTO (registration certificate, insurance certificate, PuC certificate, address proof, etc.). When applying for a NOC, you will have to pay a charge. The RTO will notify the local police station to confirm that no illegal cases against your vehicles are currently underway. Form 29- The RTO will grant you a NOC after they have completed their investigation. Notice of transfer of ownership of a motor vehicle. Form 30 - Intimation and transfer of ownership of a motor vehicle application. Form 31 - Application for transfer of ownership in the name of the person who will take over the vehicle's possession. Form 32 - Transfer of ownership application in the case of a motor vehicle purchased or acquired at a public auction. Form 35 - Notice of termination of a hire-purchase, lease, or hypothecation agreement. If the vehicle to be transferred is currently hypothecated to a bank, Form 35 is required. You may also be required to fill out an acknowledgement form from the NCRB (National Crime Records Bureau). If your car was involved in any criminal actions, you must fill out this form. Transferring Car Ownership Costs: The cost of transferring ownership of a car varies depending on the Regional Transport Office (RTOs). It may also vary depending on the age of your vehicle. The cost of transferring ownership of an automobile might range from as little as Rs. 300 to as much as Rs. 2,000 or more. Offline Procedure for Transferring Car Ownership The following are the steps involved in transferring your car ownership offline: Step 1: Notarize the Sale Agreement. The first step is to notarize the sale agreement. This contract specifies the amount to be paid for a sale as well as the status of the ownership transfer. An agreement of sale contains information such as: Payment method (cheque, DD, etc.) Certificate of registration Insurance The vehicle's condition Step 2: Complete the required paperwork and submit it. Both parties must sign Form 29 (two copies) and Form 30 (one copy) and submit them to the local RTO when the payment has been made. If the car is still under hypothecation, Form 35 must also be submitted. You'll also need to submit a bank-issued No Objection Certificate. Step 3: Provide the Required Documents You must give the buyer documentation such as the registration certificate, insurance certificate, PUC certificate, and so on. You are not required to hand up your vehicle's invoice. Step 4: Submit an application for a Certificate of Clearance. The buyer must next apply to the RTO for a clearance certificate. To obtain this certificate, he or she must submit a requisition letter, as well as a self-addressed envelope with stamps and the documents acquired from you. This method may vary depending on the states and RTOs. In this step, a buyer may be required to submit extra paperwork. He or she must attest all documents with the RTO head before submitting them to the office. This submission will be accompanied by an acknowledgement document from the RTO. The clearance certificate will be mailed to the customer after the application is approved. Step 5: File an application for ownership transfer with the new RTO. The buyer must then pay the new RTO the ownership transfer charge. Two payment receipts will be sent to him, which must be attached to the following documents: Certificate of PAN Registration Certificate of clearance Insurance PUC certificate Form 29 as evidence of address (two copies) Self-addressed envelope with stamps Form 30 Photograph the size of a passport After submitting these papers, he will receive an acknowledgement form. He will receive a new registration certificate in the mail. It should be noted that if the submission of Forms 32 and 35 is required, further processes may be necessary. Online Process: You can also transfer car ownership online through the Ministry of Road Transport & Highways' ParivahanSewa website. It's worth noting that you'll need to apply for a transfer of ownership in the buyer's favour. This procedure also includes certain offline phases. To transfer car ownership online, visit this website and follow the processes outlined below: Step 1: Select "Vehicle Related Services" from the "Online Services" tab. Step 2 - Click "Proceed" after entering your vehicle registration number. Step 3: Select Miscellaneous (TO/CoA/HPA/HPS/HPT/DupRC). Step 4: Enter your phone number and press the "Generate OTP" button. Step 5 - Enter the OTP and select "Show Details" from the drop-down menu. Step 6 - Under "Application Selection," choose "Transfer of Ownership." Step 7 - Fill in the following information under "Transfer of Ownership Details": Information about the new owner. Address as of now. This is your permanent address. Information on insurance. Step 8 - Go to "Payment" and pay the required fee. After the fee for changing car ownership online is paid, two payment receipts, as well as Forms 29 and 30, will be generated. Step 9 - The hard copies of these documents must be signed by all parties. Step 10 - Original registration certificate, copy of insurance policy, PUC, and other documents must also be submitted to the new RTO, either physically or via mail. Following satisfactory verification of these documents, the buyer will get a new registration certificate in the mail. If there are any anomalies, the RTO head may contact the buyer and seller and request that they appear before him for verification. What are the Consequences of Not Changing Ownership of a Car? If the ownership has not been transferred, any traffic offences committed by the buyer will be directed at you. If you haven't transferred ownership of your vehicle, you'll be pulled into legal issues unnecessarily. As a result, even if transferring vehicle ownership is a lengthy and time-consuming process, it is usually best to do it during a sale. What more is required in addition to the transfer of car ownership? In some states, the following documents may be required: Pencil drawing of the chassis and powerplant. In the event that the car owner dies, proof of succession is required. If the transfer of ownership occurs as a result of a public auction sale, the buyer must sign an undertaking.

What is a Government Health Insurance Scheme, and how does it work? It is a system run by the central or state governments that aims to provide appropriate health coverage at a minimal cost. These types of insurance coverage are often available on a yearly basis. Types of Government-sponsored Health-Care Plans: 1. Ayushman Bharat Yojana: Ayushman Bharat is a universal health insurance scheme run by India's Ministry of Health and Family Welfare. PMJAY was established to give free healthcare to more than 40% of the country's population. The plan includes a Rs 5 lakh health cover. Medicines, diagnostic charges, medical care, and pre-hospitalization costs are all covered under this plan. This healthcare initiative will aid India's poorest families. 2. Pradhan Mantri Suraksha Bima Yojana: The Pradhan Mantri Suraksha Bima Yojana intends to offer citizens in India with accident insurance coverage. This scheme is available to those between the ages of 18 and 70 who have a bank account. This policy offers a total disability and death benefit of Rs 2 lakh per year, as well as a partial disability benefit of Rs 1 lakh. The policy premium is deducted from the policyholder's bank account automatically. 3. Aam Aadmi Bima Yojana (AABY): The Aam Aadmi Bima Yojana (AABY) is a scheme that aims to This is one of the most recent National Health Insurance programmes, having been launched in October of 2007. It primarily applies to those between the ages of 18 and 59. All citizens living in the upcountry and rural areas are eligible for the AABY insurance system. It also includes tenants who are landless and live in both urban and rural locations. It also entails providing scholarships to youngsters from low-income families. Essentially, this programme protects the family's head of household or the earning member. The state and the national governments split the annual reward of 200 rupees evenly. The family gets paid with 30000 rupees in the event of a natural death. The family gets reimbursed at 75,000 rupees if the death is caused by a lifelong impairment. 4. The Central Government Health Scheme (CGHS): This scheme is a government-run health-care programme. This system, which was established in 1954, provides comprehensive health care to central government officials and retirees living in cities. Kolkata, Mumbai, Lucknow, Delphi, Nagpur, and Pune are among the cities where this scheme is in operation. The persons who are covered by this scheme must live in India. This is a National Health Company Online Renewal programme that provides beneficiaries with the benefit of health education. The following are the main components of this scheme: All dispensary services, including domiciliary care, are available. Furthermore, members of this programme have the option of being hospitalised whenever they become ill. On the other hand, if you need an X-ray or a laboratory examination, you will be able to get these for free under this plan. The most significant benefit of this National Health Insurance programme is that it gives free specialist consultations at both hospital and dispensary levels. 5. Janshree Bima Yojana: The Janshree Bima Yojana is for poor people between the ages of 18 and 59. Women SHG Groups and Shiksha Sahyog Yojana are two unique characteristics of the scheme. There are 45 occupational groups covered by this scheme at the moment. 6. Chief Minister's Comprehensive Insurance Scheme: The Chief Minister's Comprehensive Insurance Scheme is a state government of Tamil Nadu initiative. United India Insurance Company Ltd partnered with the company to launch it. It is a family floater policy that was created to assist consumers with high-quality health-care services. This plan covers over a thousand different medical procedures. You can claim up to Rs 5 lakh in hospitalisation charges under this coverage. This system allows the beneficiary to choose between private and government hospitals. Residents of Tamil Nadu who earn less than Rs 75000 per year are eligible to participate in this scheme. 7. West Bengal Health Scheme: In 2008, the West Bengal government introduced this scheme for its employees. The service is also available to retirees. Up to a total insured of Rs 1 lakh, this coverage is available on an individual and family floater basis. According to the policy terms and conditions, the policy covers OPD treatment and medical operations. 8. Yeshasvini Health Insurance Scheme: The Yeshasvini Health Insurance Scheme is promoted by the Karnataka State Government. This programme is beneficial to peasants and farmers who are members of a co-operative group. This health-insurance plan covers approximately 800 medical treatments, including neurology, orthopaedics, and angioplasty, among others. Farmers are assisted in enrolling in the Yeshasvini Health Insurance Scheme via cooperative associations. Health care services are available to beneficiaries through network hospitals, and coverage benefits are extended to beneficiaries' family members. 9.Mahatma Jyotiba Phule Jan Arogya Yojana: This health insurance coverage was developed by the Maharashtra government for the benefit of the people of the state. The plan is aimed at farmers in Maharashtra and will benefit those living below the poverty line. For specified ailments, the policy provides a family health cover of up to Rs 1.5 lakh. The best aspect about this policy is that it has no waiting period and can be claimed on the first day of coverage, unless otherwise stated in the policy terms. 10.Telangana State Government Employees and Journalists Health Scheme: This scheme was introduced by the Telangana government for its journalists and employees. Employed people, retirees, and pensioners all benefit from it. The participant of this scheme can receive cashless treatment at any of the participating hospitals. Beneficiaries are not required to rush to secure funds for unexpected medical bills. Features and Advantages of Government-sponsored Health-Care Plans: Low-cost government health insurance plans are available. BPL families can also benefit from this policy's insurance benefits. The policy ensures that the impoverished are covered. For better healthcare, the policy involves treatment in both private and government hospitals.

Buying a life insurance policy for yourself can be a difficult undertaking. It is not a simple purchase. The first step is to ensure that you grasp the basics of life insurance. The benefits of various life insurance policies vary. Insurance firms offer add-ons to regular life insurance policies to fulfil a variety of customer needs. Riders to the core policies are the add-ons. The riders cover catastrophic conditions such as heart attacks, accidental death, and disability income payments. The second stage entails determining which life insurance programme is the greatest fit for your needs. The following are the first five items to think about: Examine your insurance requirements: How much do you contribute to the family's income, and how many people are financially dependent on you? Is there anything on which your family can rely to pay bills and repay debts following your untimely death? The answers to these questions should assist you in determining the amount of coverage you require. Consult an insurance agent who can provide you with information on life insurance options and assist you in determining your insurance requirements. The evaluation process should verify that the quantity of life insurance you purchase will give your family with the much-needed financial security following your death. Insurance policies are compared: Term insurance and savings-cum-protection insurance are the two most common types of life insurance. Term insurance protects you from financial hardship in the case of a covered event. Term insurance is inexpensive; for a lower payment, you can get a huge amount of coverage. If the insured lives to the end of the policy period, the insurance company makes no payout. Savings-cum-protection insurance, on the other hand, provides a maturity payout equal to the total insured plus bonus additions. Term insurance is only for the financial protection of your dependents in the case of an unanticipated occurrence in which you will not profit personally. Your decision should be based on your current and future demands. Choose a cover that is within your budget: Determine how much annual premiums will cost you after calculating your life insurance needs. Check if you can afford to pay premiums for the entire policy term before acquiring a life insurance policy. If you have a greater insurance need, a savings-cumulative-protection plan isn't the best option. You will benefit from a term insurance coverage because it is less expensive and you will be able to afford the premium. The primary purpose of insurance should be to provide security. If you think you'll be able to afford hefty premiums on a regular basis, you might choose a savings-plus-protection plan. Examine your insurance policy's future prospects: To comprehend the finer elements of your plans, seek the assistance of your insurance agent. Exclusions, or occurrences that your insurance policy does not cover, are crucial. Know them before you get the insurance coverage so you and your dependents aren't caught off guard when the time comes. Examine the insurance company's claim settlement history: You get an insurance policy so that your insurance company will pay the promised benefit or benefits in the case of a future need. Check the insurance firm's claims payment percentage, just as the insurance company examines your insurability. It doesn't take long to look up an insurance company's claims history on the internet. On its website, the IRDAI also has information about claims. Some claims may have been denied by the insurance provider, but you should investigate the reasons for the rejections. If a claim is false or not payable for any other reason, insurance providers cannot and will not pay. Knowing how much insurance to buy and from whom is insufficient. It is critical that you do so while you are still young in order to be appropriately covered.

Individuals with an annual income of more than Rs 2.50 lakh are required to file an income tax return under income tax guidelines. It is required regardless of the source of income. While wage and corporate income are taxed according to the applicable individual tax slabs, there are several forms of income that are tax-free regardless of the quantity. Public Provident Fund (PPF), Employees Provident Fund (EPF), and insurance policy maturity proceeds are tax-free. Similarly, there are other types of income that are not taxable. Income from gifts, such as a wedding gift, a share of profit in a partnership firm, educational scholarships, gratuity, and ancestral property, is also tax-free, according to tax experts. 1. Profit share in a partnership firm: In the hands of the partners, the profit share obtained by a partner in the overall income of the firm is exempt from income tax. Because the share of partners is calculated after all expenses and income tax, the partnership is not taxable. Remuneration and interest on capital received by a partner, on the other hand, are taxed. 2. Educational scholarship: Under Section 10(16) of the Income Tax Act 1961, any scholarship given to cover the expense of study is tax-free. However, in order to claim the expenses, the scholarship money must have been spent solely for educational purposes. 3. Wedding gift: Gifts given to a newlywed couple at their wedding are tax-free. Gifts given by direct family members, such as parents, siblings, or any of their siblings' spouses, or siblings of their parents, are excluded, regardless of the value of the gift. Cash, stocks, jewelry, automobiles, gadgets, antiquities, and even immovable gifts such as a house or land are all exempt from taxation under Section 56 of the Income Tax Act, 1961. If the cumulative value of the presents exceeds Rs 50,000, they will be taxable if they are not marital gifts. 4. Agricultural Income: Agricultural income is tax-free in India and is not included in total income. Agricultural revenue is obtained from a variety of sources, including farming land, structures on or associated with agricultural land, and commercial produce produced on horticulture land. 5. Ancestral property: Inheritance Tax, often known as Estate Tax, is a tax that applies when an asset is inherited. Inheritance tax is not levied in India, while estate tax (sometimes known as inheritance tax) is a tax levied when an asset is inherited. In India, there is no inheritance tax. As a result, any money received under a Will, by inheritance, or in anticipation of the payer's death is free from income tax under Section 56. (ii).

Cashless Hospitalization Procedure Health insurance companies tie-up with different Hospitals which are then called their ‘Network Hospitals’. The medical bills are directly settled by the Insurance Company, provided the total bill amount falls within the Assured Limit and the hospital is a Network Hospital. Following two ways :- Planned : Procure and Submit duly filled pre authorization form to the TPA (Third Party Administrator) of the Insurance Company. Carry Policy/Health Card. After Verification by TPA, approval mail/letter will be sent to the Network Hospital. The Request will be processed and the Network Hospital will settle the Bills directly. Emergency Many a times, during certain emergency situations where immediate care is required, a person dosen't have time for certain pre defined formalities. Your relatives may need to fill out the pre-authorization form at the hospital. Carry the Health Insurance Card Usually in such cases, forms are fast tracked and the claim request is processed by the TPA within few hours. If there is delay in approval, one must settle the bill and later claim reimbursement amount. Reimbursement Procedure - Non - Network Hospitals Inform the Insurer within 24-48 hours. During treatment collect all Bills, Reports, Test Results etc. After Discharge collect documents like Pharmacy Bills, Prescription, Discharge Papers, Final Report etc. Collect Original Copies of all the documents. Submit the reimbursement claim along with all the documents for approval to Insurer Company. After the Verification process, the amount is refunded within few days. Documents Required KYC, Identity Proof and Health Card Medical Bills, Hospital Bills, Test Reports, Prescription etc. Covid 19 Test and Treatment Related documents and tests Discharge Documents from the Hospital Any Other document demanded by Company Cancelled Cheque, NEFT details (in some cases) Other Points to Remember Try and Intimate the Insurer at the earliest Submit both Pre and Post Hospitalization Bills. Know about the Policy completely Read your policy regarding Home Treatment, Consumable Expenses etc. Have to pay for any treatment that are excluded under Health Plan

The financial terms related to home loans are often confusing to many applicants. There are lot of mixed information when it comes to two terms - "Home Loan" and "Loan against Property". They both have different features and benefits. Although the terms are used interchangeably but there is a lot of difference between the two, Purpose: Home Loans are availed to buy a new house, plot or purchase an under-construction property etc. Loan Against Property can be used to mortgage your existing property in exchange for business or personal use Interest Rates: Home loan interest rates are typically lower compared to that of Loan Against Property. Home Loan can be availed at as low as 8.70% onwards, whereas Loan Against Property is offered at minimum as 9.50% onwards. Loan Tenure: Home Loan can be availed upto maximum of 30 years, however Loan Against Property is provided for maximum upto 15 years. Loan Amount: Home Loan is offered maximum upto 90% of the property value and Loan against property is granted maximum upto 60% of the property value. Tax Exemption: Home loans are eligible for tax deduction under Section 80 C & Section 24, whereas in case of LAP benefits are basically dependent upon end usage. Other Differences: For Home Loans the processing is smooth as compared to Loan Against Property The documentation process for Home Loan is simpler in comparison to that of Loan Against Property LAP can be issued in any of the following scenario – Business expansion Marriage of child Higher studies loan for children Medical treatment fund Vacation Strict restriction and monitoring by bank on the money usage for home loan as compared to LAP where the borrower can utilize the some assured for any kind of personal, business or commercial usage ( as earlier mentioned in the documents).