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How different is a home loan overdraft from a regular home loan?

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How different is a home loan overdraft from a regular home loan?

Last updated: November 8 2018
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  • #31

    #31

    Re : How different is a home loan overdraft from a regular home loan?

    Malvish Right, that would be the best way to get accurate information.

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    • #32

      #32

      Re : How different is a home loan overdraft from a regular home loan?

      mmalhot That would be the right way to get exact information.
      Talk TRUE; Talk IREF

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      • #33

        #33

        Re : How different is a home loan overdraft from a regular home loan?

        If we sum it up, following are the overall benefits of a home loan overdraft facility, or scheme:
        • It offers greater liquidity on the deposited amount.
        • It is a great option for home buyers with surplus flow of funds.
        • It reduces the interest liability on the deposit of extra funds.
        • It allows the depositor to withdraw the surplus money at any point of time.
        • It does not levy any penalty for prepayment of the loan amount.
        Talk TRUE; Talk IREF

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        • #34

          #34

          Re : How different is a home loan overdraft from a regular home loan?

          Malvish thanks a lot! I think the thread sums it all pretty well except for the actual interest rates, which can be obtained from banks. Thanks again

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