New Delhi, Nov. 11 -- Are you planning to take a home loan soon? Do you have surplus funds with you? Then, a super saver home loan can be the right choice for you. Though the interest rates are slightly higher than regular home loans, super saver home loans will reduce your total payout substantially if used properly.

This is because the surplus funds when parked in an OD (Overdraft) account linked to the home loan, earn you a significantly higher interest than regular savings accounts. State Bank of India (SBI), Axis Bank, HSBC, Standard Chartered Bank, and Citibank offer 'super saver' home loans. Here is a guide on super saver home loans, their features, advantages, and disadvantages.

This is a type of home loan that enables the borro...