Interest deduction for home loans limited by eligibility, property value cap, sanction timing, and exclusivity of deduction. An individual (ineligible under section 80EE) may deduct interest on a loan from a financial institution for acquisition of a residential house property up to a statutory ceiling, subject to conditions that the loan was sanctioned within the legislatively prescribed period, the property's stamp duty value falls below the statutory threshold, and the assessee did not own any residential house on the loan sanction date; interest allowed under this section cannot be claimed under any other provision, and statutory definitions of financial institution and stamp duty value apply.