Overdraft Facility
What is home loan overdraft facility? How it works, benefits and drawbacks | Explained
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.
4 min read22 Jun 2026Bank of Baroda's UPI overdraft facility to empower women self-help groups: Check key features, eligibility
Bank of Baroda launches UPI overdraft facility for women SHGs, enabling digital access to ₹5000 credit, boosting financial inclusion, transparent lending, and seamless small-ticket borrowing through UPI systems.
1 min read23 Mar 2026Personal loan vs overdraft facility: What to choose between the two and how to? MintGenie explains
Choosing between personal loans and an overdraft facility can be challenging. Ultimately, the optimal decision hinges on your unique needs and financial circumstances.
7 min read29 May 2024Should you choose a home loan that lets you cut interest payments using surplus cash?
Most major banks offer home loans with an overdraft facility, which allow your surplus cash to reduce interest. But this may not be the right choice for everyone.
5 min read27 May 2024Wait for it…
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