Dear Sir,
If the house is funded by you, for taxation purpose it will be treated your house and you can claim the rebate on this house
Since it is a self occupied house, interest deduction will be restricted to INR 2 lacs p.a.
Further, you can claim repayment of principle amount of loan as deduction under section 80C maximum UpTo 1.5 lacs.
Please feel free to call/ revert in case of any doubts
Thanks and Regards
Abhishek Dugar
CA CS B.Com