Having a loan is definitely a burden for most people. Few people are still unable to take advantage of a loan.
Types of Loans That Can Benefit You Tax Benefit
However, there are types of loans that you may not be aware of but can provide tax benefits, among others.
1. Home Loan
Owning a home is a must for many individuals. But today’s real estate prices make it very difficult for people to buy a home or even just a piece of land, if they just rely on savings.
Home loans such as Mortgages are the answer to this problem. Home Loan Credit is a financing product for home buyers with a 90% financing scheme.
Most products are actually provided by the bank, although many financing companies provide funding from other secondary institutions to finance your property. In general, however, property developers have worked closely with banks to simplify the mortgage application process.
The mortgage application can be submitted by filling out the developer order form from the developer as well as paying various fees and expenses. Simply complete the registration form available from the mortgage provider and prepare the supporting documents and meet the following requirements:
- He is not more than 50 years old when applying for a mortgage.
- Photocopy of the applicant’s national ID.
- Marriage or divorce.
- Family card.
- WNI affidavit (for WNI descent).
- Collateral ownership documents (Certificate of Ownership, Building Permits, Land Taxes and Buildings).
You can then receive the benefit provided by the mortgage in the form of a deduction of the amount of funds that have been repaid as a loan interest.
2. Education Loan
This educational loan is available to students who wish to study abroad. However to be able to make these loans with certain conditions such as final education, deadline to apply before graduation, and so on. The tax benefits you get are much like home loans. But only those who qualify qualify for a refund of the loan amount. So the amount of trees is not refundable.
3. Personal Loan
Personal Loan or what may be called Credit Unsecured Credit is a financial product, where a customer can borrow a certain amount of money or money from a bank without having to provide assets or valuables such as SK, BPBB, home certificate, land certificate, others as collateral or collateral. Many think that having a personal loan can be a detriment.
But many do not know that personal loans provide tax benefits and the majority even avoid private loans. Tax benefits you can use for example if you want to renovate your home or pay down your mortgage by using a loan, you can claim a tax deduction. You can apply for this personal loan or mortgage loan through your bank or financial institution, a generally accepted term.
- Have a monthly income or a permanent job.
- Creditors must be 21 years old.
- Credit applicants are 55-60 years old at the time of repayment.
Consider Your Decision Before Applying Any Loan
Having a loan or a real credit does not always result in a loss. But if the loan or credit you make is well-considered and used wisely, it can be of great benefit to you, one of which is the tax benefit. By knowing the above, you can take advantage of the loan you have or you want to apply to get the most out of tax benefits. But there are still requirements and rules that you must obey. Be aware of the conditions before making a loan.