Why Not Mint Money

Banks allow parking extra cash in home loan account to reduce interest, but should you?

Jun 25, 2024
Guest
Nanda Padmanabhan
Deputy General Manager of Communications at Bankbazaar, Nanda Padmanabhan, explains the benefits of an overdraft facility in home loans. Topics include reducing interest payments by parking extra cash, comparing with prepayments, and analyzing scenarios for opting for an OD based home loan.
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Episode notes
1
Intro
00:00 • 2min
2
Understanding the Functionality of Overdraft Accounts
01:46 • 2min
3
Understanding Overdraft Home Loans
03:24 • 5min
4
Parking Surplus Funds in Home Loan Account vs. Prepayment
08:00 • 12min
5
Analyzing Scenarios for Opting for an OD Based Home Loan
19:41 • 3min