Ref. No. 41/996
In the name of Allah the most gracious the most merciful
The answer to your question is as follows:
Home loan is not allowed in normal circumstances. But if there is no lawful method to save one’s income against income tax, it is allowable to take home loan to avoid income tax which is a non-Shariah tax.
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband