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Housing loan repayment

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2014 Hello,

I want to ask query about Housing Loan Repayment.

Housing Loan is in the name of One person (loan is not joint . it is in the name of one single person) but if the same loan is repaid by some other person.
so who will be entitled to get the benefit of the Interest and Principle portion....Loan Holder or the person who is paying the installments.???

Plz let me know it urgently.
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@VaibhavJ

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@VaibhavJ (Expert)
02 January 2014 Hi

The person on whose name certificate is issued by Bank is entitle for deduction of the same.

Thanks

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