Can I claim tax benefit on two properties given on rent?

I took housing loan in 2003 for purchasing one property in ‘A’ city. The same is now given on rent. Now, I’ve decided to purchase second property in ‘B’ city. But I am staying in some other [‘C’] city, therefore, I need to give my second property on rent. Can I claim income tax benefit for two rented properties, if so, how much?

Is it possible to claim tax rebate on two home loans of same property?

I have already purchased a home by taking a loan from SBI. I am also claiming the tax benefits for the same (Loss from house property). Now I am availing one more loan from the same bank for extension/renovation of the same property. This is having a different account number. Can I club the interest paid in both loans and show the loss from house property. I will still be within Rs.1.5 Lakhs/Annum limit