What is Interest Saver Home Loan?
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- เผยแพร่เมื่อ 3 ต.ค. 2022
- Under the home loan overdraft facility, borrowers can deposit surplus funds in their home loan overdraft account, usually either in the form of a savings account or current account linked to the home loan. The average balance of the linked account is deducted from the outstanding loan amount while calculating the interest component.
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Sir
OD me jo paisha hum jma karte hai,us par kitna prachent intrest milega, 1 din ke liya ya10 din tak rakhne par
Overdraft home loan pe interest or principal amount pe income tax benefit ke liye same rules ki tarah claim kar sakte he . Right?
Kiska overdraft account better hai, Sbi maxgain or bob advatange ?
Kyunki mene icici money saver k reviews achhe nhi hain, they don't allow principal part which is paid as emi to be withdrawable again !!
Thank you Sir, best video 👍
Home loan OD ka statement mobile se kaise prapt kren.
In overdraft Home loan how much intrest rate will be diffrent
Very good information. Thanks
Thank you sir. Can yoy provide comparison between sbi maxgain and icici money saver
Thanks for clarification ...
Hi Mr. Mathpal, I want to speak to you or your team, regarding one of my query. Kindly let me know, how can we do the same ? Thank you.
Sir Maine SBI home loan against 28 lakh ki overdraft facility Li hai muze usme se Maine 12000/-rs nikale hai uspar muze 9.95 %rate of lag interest lag raha hai abhi Mera home loan pura hone ja Raha hai to mai od band karana padega ya chalu rakh sakta hu.
Can I withdraw more amount than the balance maxgain loan amount?
I am not a sales person but I can suggest you something.
You can transfer to Bank of Baroda Home Loan which gives the same Overdraft facilities without additional premium interest rate.
My loan outstanding is 36L and I have around 30L in overdraft account. I am paying regular EMI, BUT interest is only 6000 ru (rather than approx 29000 ru). So definitely it makes a huge difference.
Also I have options to withdraw this 30Lakhs anytime and invest anywhere.
So overdraft with no additional interest rate is really good.
Loan transfer cost is around 40 thousand, but you can recover this cost in just 3-4 months (depends on how much you are saving interest)
What happens to the amount saved on interest 23000 = (29000 - 6000)?
Is it adjusted against the principle, or is it available in the account and can be withdrawn?
@@meghanaabhyankar9151 i think adjusted against principal
Sir can you help me understand what will happen if I take 50Lacs home loan and keep 50 lacs in savings account for BOB Advantage?? Will I only be paying principle every month as EMI??
BOI claims it is offering the same ROI for loan with overdraft facility .
খুব ভালো
Sir please explain od against fd
Good Idea sir 🙏🌹
Thanks sir
I keep same amount of money in od as outstanding loan amount every month so that book balance is 0. I pay full emi out of which principal gets deducted as per schedule & interest is 0..saved interest gets added in available balance which i again withdraw to maintain 0 book balance.. this way i pay 0 interest, can withdraw money incase of emergency.. dont keep extra money in od as it does not give any return but its a way of saving outgoing interest..interest saved is interest earned..also if u can invest the saved money in market & confidently earn interest more than lone interest rate then OD is of no benefit to you
Hello sir
I watched ur video & it was quiet helpful
I have one question
I took home loan in 2014 for under construction home 2-3 times after 2-3 years I asked the name what is the present loan amount bank told m it’s not showing as full disbursement has not taken yet.
Bank didn’t not start the full emi ( only took interest for 7 years ) my principal remain sane after 7 years also
So what I can do in this case ?
The project is not yet completed & stooped in half but I am paying EMI ( interest + principal)
Sir
How much money can I withdraw from my SBI Maxgain? Available balance is 7.25L and Withdraw capacity is 24.5 L.
Thanks.
Sir kya bob advantage loan me ham pre emi period (moratorium ) me bhi overdraft ka benefit le sakte hai? Like out of total 50 lakh loan if i have 10 lakh disbursement and i put 10 lakh in Savings then emi will be zero?
Yes…
Pankaj ji, namskar me sellery employes hu, par mera home loan overdraft account me hai, mera sawal hai yeh, mera home loan mujhe jaldi se clear karna hai.. Loan clear karne ke baade es account ko close karu ya continue karuuuu.. Please suggest
Close kar skte h
can we put more than sanction home loan in. od account?
Like I have home loan amount around 10L and home load interest is 10% then can I put 11 L in OD account to gain extra intetest?
bhai paisa hai toh loan bhar do aur tension free jiyo
You will not receive any interest on extra paid amount
Why would you do that... Open a fd with the extra money you have
Sir already my home loan is going on. The bank is offering me an overdraft of Rs 2.5 lakh.Should I take this and can I use this amount?
Overdraft facility is similar to loan only. If you need money and you were looking for loan then OD facility can be availed otherwise don't go for it just because bank is offering you this.
Sir kya hum 0 amount rakh sakte hai OD account me
Yes
@@pankajmathpal sir kya hamra monthly EMI available balance me add hota hai kya?
Namaste Pankaj Sir
sir mujhe 35L se 38 L ka home loan lena hai aur abhi main jis ghar main rah raha hun agar use ko bechta hu to Mujhe lag bhag 20L mil jayegi mujhe aapse yeh puchhna hai ki main Loan leta hun to jo main abhi ka ghar bech ne ke bad us amount se hi loan ka EMI har mahine de saku to mujhe kon sa fund main investment karna chahiye jisse main ye EMI bhi de saku magar ha is EMI mein meri salary involve nahi karna chahta hu
OD facilities
Meri lon ki amout 9 lakh rupees hai. Aur mujhe Pradhanmantri ki subsidy mil gai hai. Mera EMI 9000. Thii. Mai owardraft account khula sakta hu.ya har instolment me 1 instolment aalag se bharu.mu je konsa sahi lagega sir aap batao.
Number drop karo brother aapka me aapka overdraft karwa dunga
Sallery batao kitni he
SBI me daily reducing interest implementation hota hai or baki banks me monthly.
Isse har month emi me se principal me jyada part jaata hai comparatively monthly reducing k.
For clarification you can compare any loan account statement of sbi and other private bank.
Is topic me clarity de dijiye
Even for Bank of Baroda, its daily interest calculation.
Even bank of india
Hi sir , i very much like ur video,
I have few queries based on below points
1) My current Home loan is in HDFC
2) It which start from May 21.
3) I had paid few prepayment
4) and current emi amount 67732 rs,
5) Now remaining number of emi pending is 32 from Aug 23 to Mar 26.
6) I am salaried person and my in hand salary is 1.80 lakhs
7) Based on my current expenses, at end of month i have 30000 rs average.
So, My query is , should i require to convert or transfer remaining 21.67 lakh to Maxgain OD ?
And what is processing charge and What exact benefits i can get end of year
can u give some excel based solutions ?
I am not a sales person but I can suggest you something.
You can transfer to BoB Home Loan which gives the same Overdraft facilities without additional premium interest rate.
My loan outstanding is 36L and I have around 30L in overdraft account. I am paying regular EMI, BUT interest is only 6000 ru (rather than approx 29000 ru). So definitely it makes a huge difference.
Also I have options to withdraw this 30Lakhs anytime and invest anywhere.
So overdraft with no additional interest rate is really good.
Loan transfer cost is around 40 thousand, but you can recover this cost in just 3-4 months (depends on how much you are saving interest)
@buddhijai , sir mera home loan pnb bank mei hai approx 1100000 mai kiss tera apna interest kamm kr skta hu saving account me paisa rakh kr ja over draft limit bnwa kr, please suggest sir mera monthly interest approx 7500 ke aas pass hai ROI 9.4hai
Sir aisa loan kaise kre bank iske bare me nhi bolti
homeloans.sbi/products/view/other-schemes-available-at-sbi
@sahidas2865 SBI MaxGain ka link Diya hai. Kareeb-kareeb sabhi banks me ye facility hai.