A home loan overdraft (OD) facility combines the benefits of a home loan and an overdraft account. It allows borrowers to deposit surplus funds into their loan account over and above the regular EMI payments. Borrowers can also withdraw the surplus amount whenever required.
What is home loan overdraft facility? How it works, benefits and drawbacks | Explained
livemint.com - 22 Jun 2026 11:35
A home loan overdraft (OD) facility combines the benefits of a home loan and an overdraft account. It allows borrowers to deposit surplus funds into their loan account over and above the regular EMI payments. Borrowers can also withdraw the surplus amount whenever required.
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