Loan interest can be claimed as a tax deduction. Individuals who have taken out loans from a bank can deduct the accrued loan interest from their taxable income. Deductible loan interest may arise from mortgages, bank loans, or private loans. It's important to note that only the accrued interest can be deducted, not the repayment of the loan principal itself.

If a car was financed through a loan, the accrued loan interest can be deducted. However, if it is financed through a leasing agreement, this deduction is not permitted.