Is there Tax Benefit on a loan of second home, if yes how can we avail benefit?
Yes. An individual can take a second home loan. Also, one can claim tax benefits on the second home loan. More details here.
Yes, an employee can tax benefits on second loan too up to u/s 80C Rs. 1,50,000/- (Principal Amount) and Rs. 2,00,000/- (Interest on Housing Loan for Self).
I hope this information will help you.