New Delhi, May 13 -- When Laxmi Ahirwar and her spouse decided to buy a house together, they didn't just pool their resources, they unlocked a range of financial perks. A Rs.2.5 lakh subsidy under the Pradhan Mantri Awas Yojana (PMAY), a discount on their home loan interest rate, and the ability to double their tax deductions under the old tax regime were just some of the benefits.

For many homebuyers, taking a joint home loan can open the door to substantial savings. From enhanced loan eligibility to tax breaks and reduced interest rates, co-ownership, especially with a female co-borrower, can significantly lower the cost of homeownership.

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