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Home Loan Deduction Statement

This document provides details of a housing loan taken by Dhananjay Kumar Rambhatla for Rs. 9000000 to purchase a property in Hyderabad. The loan has an equated monthly installment of Rs. 75514 paid over 208 months, with the amount split between principal and interest. The document certifies that deductions can be claimed under sections 24(b) and 80C of the Indian Income Tax Act for interest paid and principal repaid respectively, subject to conditions. It also outlines how interest rates and EMIs may change and how loan utilization must be as per the application.
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0% found this document useful (0 votes)
1K views2 pages

Home Loan Deduction Statement

This document provides details of a housing loan taken by Dhananjay Kumar Rambhatla for Rs. 9000000 to purchase a property in Hyderabad. The loan has an equated monthly installment of Rs. 75514 paid over 208 months, with the amount split between principal and interest. The document certifies that deductions can be claimed under sections 24(b) and 80C of the Indian Income Tax Act for interest paid and principal repaid respectively, subject to conditions. It also outlines how interest rates and EMIs may change and how loan utilization must be as per the application.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
  • Loan Statement Details
  • Authenticity and Contact Information

TO WHOMSOEVER IT MAY CONCERN

STATEMENT FOR CLAIMING DEDUCTIONS UNDER SECTIONS 24 (b)


& 80 (c)(2) (xviii) OF THE INCOME TAX ACT, 1961

This is to state that Ms./Mr Dhananjay Kumar Rambhatla has/have been granted a Housing Loan for purchase/construction of
house property for an amount of Rs. 9000000/-, the details of which are provided as below:
Loan Account Number
: LHAKL00001330624
Application Form Number
: 7791269961
Date of Sanction : 11-MAR-20
Date of Disbursal : 17-MAR-20
Address of the property
: Flat No. 202,Thota Ace Arcade, Road No.15, Venkateshwara colony,
Saroornagar, Hyderabad, Telangana, 500035

The above loan is repayable in Equated Monthly Installments (EMIs) comprising of principal and interest wherein the
calculation of interest levied on a monthly basis has been computed on the basis of the terms of sanction as agreed upon by
the Borrower(s) including any amendments to such terms from time to time (or basis request/s received for change in rate of
interest (ROI)).

The break-up of the EMI amount for the above loan into principal and interest is as follows:
Month Installment Interest Principal Interest Principal
Amount (Payable) (Payable) (Paid) (Paid)
(EMI)
Apr-22 75514 32850 42664 32850 42664
May-22 75514 32780 42734 32780 42734
Jun-22 75514 31579 43935 31579 43935
Jul-22 75514 33990 41524 33990 41524
Jul-22 75514 32858 42656 32858 42656
Aug-22 75514 32566 42948 32566 42948
Sep-22 75514 30568 44946 30568 44946
Oct-22 75514 31890 43624 31890 43624
Nov-22 75514 32800 42714 32800 42714
Dec-22 75514 31770 43744 31770 43744
Jan-23 75514 32907 42607 32907 42607
Feb-23 75514 32701 42813
Mar-23 75514 32149 43365
Total 981682 421408 560274 356558 474096
* As on date of issuance of the instant certificate the residual/balance tenor of repayment stands at 208, which may undergo
change/s (by either increasing or decreasing) in future basis changes in applicable ROI.

The variable amounts in principal and interest as mentioned aforesaid are on account of revision of ROI. Please refer to the
communication on reset of ROI issued by way of letter/email / sms, on the address and mobile number registered as per the
records of the Bank and/or by way of post in case of the aforesaid details not having been registered/updated with the Bank.
You may alternatively, also refer to your Repayment Schedule by visiting your nearest branch or logging into the internet
banking portal on the ICICI Bank website.

Please Note -
*Deduction under section 24(b) of the Income-tax Act, 1961, in respect of the interest on the borrowed principal amount &
under section 80C of the Income-tax Act, 1961 in respect of repayment of the principal amount can be claimed subject to
fulfillment of the conditions as per the prevailing Income Tax provision.
*The utilization/end use of the loan is as per the Borrower's discretion, and is required to be in accordance with the details
provided in the loan application and the undertakings given, if any, in the Loan Agreement, which, where such details has been
provided, have been solely relied upon.
*Calculation of Interest/additional interest and other charges are done on monthly basis, number of days in a month being 30.
Broken Period Pre-EMI interest is apportioned on actual number of days for which interest is due as against 360 days in a year.
For ICICI BANK Limited,
(Acting for itself and / or as duly constituted attorney on behalf of ICICI Home Finance Co. Limited)
Address of borrower(s) :
Rambhatla Dhananjay Kumar
306 Mahaveer Pride Ramanashree Enclave Bilekehalli
Authorised Signatory
Date: January 13, 2023 Bangalore-560076

Regd & Corp Off: ICICI Bank Towers, Bandra Kurla Complex, Mumbai - 400051, India. CIN No:
U65922MH1999PLC120106. PAN No: AAACI6285N. Website: [Link]
You can access your loan details through ICICI Bank iMobile app. To download, SMS iMobile to 5676766

AOG_SR200931900_24052022

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