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LIVEMINT.COM · GLOBAL ·

What is home loan overdraft facility explained: How it works, benefits and drawbacks

As reported by livemint.com
A home loan overdraft facility allows you to deposit funds over and above your regular EMI payments into a linked loan account. These surplus deposits reduce th...
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A home loan overdraft facility enables borrowers to deposit surplus funds into a linked loan account beyond their regular EMI payments. These additional deposits effectively reduce the outstanding principal, leading to significant interest savings over the loan tenure. This…

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