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What is the difference between an overdraft and a loan against an FD?

Customer can collect the physical documents from the loan centre

Rajiv Anand
Rajiv Anand

After my home loan is repaid, how long will it take for me to get my property documents? What is the procedure to close a home loan account?   A customer wanting to close his/her home loan has to get his foreclosure letter, which will have details of the outstanding loan outstanding. Once the customer has the same, he/she can walk in with a Demand Draft for the closure amount and deposit it at any of the loan centres. The loan account shall get closed typically within five to six days of the payment being accepted (on the funds getting cleared). Once the entire loan amount is repaid, ...