Top 10 Reasons to Buy a House at Young Age



Buying a house is a once in a lifetime decision for many of us. The home makes the owner independent & responsible.
Usually, most people start thinking about buying a house until they reach their 30s or 40s. Conversely, there are many benefits of acquiring a home & availing home loan at very young age.

Benefits of home loan at young age:

Here is the list of 10 reasons why you should go for a home loan at very young age:

1.Lower EMI

The young loan applicants are offered higher tenure & lower EMI by most of the lenders. So, even with the lesser income, you can afford a home.

2. Less Responsibility

At this stage of life, you don’t have much of responsibility. Instead of spending money on luxurious or extravagant stuff, you can utilize the same amount of money to get home for yourself.

3.Claim Tax Benefits

You will get home loan tax benefits under section 24, 80C and 80EE for both principal & interest component. No need to worry about investment as long as loan is running.

4. Safe Investment

When you are in the 20s, you are not well versed with the dynamics of the finance industry. Those borrowers, who want to play safe in life, must avail home loan for themselves.

5. Higher Rate of Return

The young generation usually keeps their money in fixed deposit, which is a very convenient option. The property prices are increasing at 15-20% per year. Why to wait. Just go and get benefit of this property trends.

6. Additional Income

If you have an alternate house or working in the different city, then you put this house on rent. By doing so, you will be able to earn additional income.

7. Stable Family Life

Being a homeowner gives you a sense of belonging. It is an emotionally satisfying experience for you and your family members.

8. Avail Benefit of PMAY Scheme

If this is your first home, then you can take benefit of PMAY scheme (Pradhan Mantri Awas , where you can get 3-4% rebate on the home loan interest rate.

9. Advantage Women

If the property is in the name of a female member, then usually lower home loan interest rate is offered by lenders and lower stamp duty charges are applicable.

10. Option of Having Second Home

The home loan lender usually offers loan to a borrower in such a way that the loan repayment is completed before he reaches the age of 60. If you finish home loan by late 30s or early 40s, then you will have a chance to avail loan again and purchase a second home. So, you don’t need to have big corpus at the time retirement.


Buying your first home is very exciting & see saw process. But you can make your journey of availing home loan easier & smoother with CapitaWorld. No need to visit any banks or NBFC. You can get a home loan from anywhere. For Free Consultation call at 9512015768 Today !

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