October 10, 2026
Business

What is home loan overdraft facility? How it works, benefits and drawbacks | Explained(Soban News)

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. 

​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. Â by Soban News (international And National News)

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