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Want to avail of home-loan overdraft? Do it only if you have surplus funds

Savings done by depositing extra money into the home loan overdraft facility should outweigh the higher interest cost charged from you

Topics
Home loans | home loan rates | Income Tax Act

Sarbajeet K Sen 



Home loan

When you seek a loan to finance the purchase of your new home, the lender may offer you a home loan overdraft facility to go along with it. Weigh the pros and cons of this instrument before you decide to opt for it.

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First Published: Mon, November 25 2019. 23:48 IST

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