Home Loan Provisional Certificate

Given the rising value of real estate, most people in India today rely on securing home loans, to purchase a property of their choosing. Given the fact that the need for a house is a basic necessity, the Government of India does offer tax deductions on these loans as well. However, to secure these deductions, having a provisional home loan interest certificate is a must. 

When you are in possession of a home loan provisional certificate, you can avail of tax deductions on the principal, as well as the interest due. The home loan provisional certificate contains essential details such as interest due at every stage, as well as the principal amount to be repaid to the lender. When you are filing your tax returns at the end of the fiscal year, you must submit the home loan provisional certificate as well, to avail the tax deductions that come with it. Before we look at how to get the certificate, let us first understand what this important document entails.

When you opt for a home loan, you receive a home loan provisional certificate, which can be utilised to claim tax deductions at the end of the fiscal year, at the time of filing your IT returns. As per laws laid down by the IT department, prospective homeowners are eligible for a tax deduction of up to ₹2 Lakhs, on the interest you pay to your lender. In the case of a property that is self-occupied, you may also be eligible to claim a deduction of up to ₹1.5 Lakhs, on the principal amount.

If you have opted for a home loan, the steps to obtain a housing loan provisional certificate are straight-forward. You can easily do so online, by visiting your lending institutions website, and login using your credentials. Once done, you can view the summary statement pertaining to your home loan, as well as access your house loan provisional certificate, and other such documents.

If you wish to do so offline, you must visit the nearest bank branch in your vicinity and place a request for your home loan provisional certificate in person. Here, you will have to provide details such as your PAN card number, proof of date of birth, and account number details.

If you wish to obtain your Bajaj Housing Finance home loan certificate, follow the steps mentioned below:

• Step 1: Start by visiting the Bajaj Housing Finance Limited website.

• Step 2: Enter your email address, phone number, or your customer ID.

• Step 3: Login by using the OTP you would have received.

• Step 4: Click on the ‘Services’ tab, and then click on ‘View Details’ of the loan pertaining to you.

• Step 5: Next, click on ‘E-Statements’.

• Step 6: You can now view and download your Bajaj Housing Finance home loan provisional certificate.

If you wish to obtain your ICICI provisional home loan certificate, follow the steps mentioned below:

• Step 1: Start by visiting the ICICI website, and click on the login page.

• Step 2: Proceed by logging in using your user ID and password.

• Step 3: Once you have logged in, click on the ‘Enquiries’ tab.

• Step 4: Proceed by then clicking on the ‘Home Loan Provisional Certificate’ tab.

• Step 5: Next, enter details pertaining to your home loan.

• Step 6: This will then show you details of your ICICI home loan, from which you can download your provisional home loan certificate

If you wish to obtain your PNB provisional home loan certificate, follow the steps mentioned below:

• Step 1: Start by visiting the PNB website, and then click on the login page.

• Step 2: Next, you must proceed by logging in using your user ID and password.

• Step 3: Once you have logged in, click on the ‘Enquiries’ tab.

• Step 4: Proceed by then clicking on the ‘Home Loan Provisional Certificate’ tab.

• Step 5: Next, enter details pertaining to your home loan.

• Step 6: Finally, this will then show you details of your PNB housing loan, from which you can download your provisional home loan certificate.