This will enhance your loan entitlement and give you more tax-breaks -- up to Rs 1 lakh (Rs 100,000) per annum each under Section 80C for principal repayment and up to Rs 1.5 lakh (Rs 150,000) each under Section 24 for interest repayment
Correction 1 lakh not for each, it is together on principle and RS 1.5 lakh together on Interest
Example : if 120,000 is principle then each can share that in such way that sum should be not more then 1 lakh. even the interest sum should not cross 1.5 lakh