The requirement for immediate funds can arise anytime. When your Savings or Salary Account becomes nil, you can avail a credit extension in the form of anOverdraftor an OD. Let’s get to know what is the OD interest rate on the product. ...
Insta Home OD is a Pre-approved digital Overdraft on an existing Mortgage Loan, where you can avail an automatic limit set-up that will be linked to your Savings Account. You have the flexibility to withdraw funds as per your requirement. Interest is charged only on the withdrawn amount and...
Also, as compared to a non-OD Home Loan, loans with an OD facility are offered at a slightly higher interest rate. Can Existing Borrowers Use the OD Facility? Yes, even if you are already repaying a regular Home Loan, you can talk to your loan provider to access this facility. But ...
The fixed rate of interest for the tenure of 12 months is subject to change at the time of renewal FlexiCash FAQs FlexiCash EXPAND ALL|COLLAPSE ALL Restriction on using the OD funds What is FlexiCash? How do I repay the FlexiCash?
1. For the Facility with Fixed Interest Rate at the time of prepayment: 2% on Home loan, Home improvement loan, Land loan and Top up on home loan on amount prepaid and on all amounts tendered by the Borrower(s) towards prepayment of the Facility during the last one year from the date...