Jammu, Feb. 21 -- Ahome loan is one such facility through which individuals borrow funds to purchase or construct a house. For convenience, some lenders provide borrowers with an overdraft facility. This feature grants borrowers the option of depositing excess funds into their loan account, decreasing the outstanding loan amount and the interest to be paid. The borrower can withdraw the additional funds whenever they want, giving a balance between saving on interest and accessibility.
In this article, let's learn the process of applying for a home loan with overdraft facility.
What is a Home Loan with Overdraft Facility?
A home loan with an overdraft facility gives a borrower the ability to deposit any additional funds into their loan acc...