

A home loan overdraft facility allows homeowners to use excess funds to prepay their loan, reducing interest costs. It offers flexibility and potential interest savings but comes with drawbacks like higher interest rates and the risk of overspending.


A home loan overdraft facility allows homeowners to use excess funds to prepay their loan, reducing interest costs. It offers flexibility and potential interest savings but comes with drawbacks like higher interest rates and the risk of overspending.
•Offers flexibility in accessing funds up to a limit and potential interest savings.
•Drawbacks include higher interest rates, risk of overspending, and loss of interest income.
•Not suitable for everyone, especially those who struggle with financial management.
Need any assistance with your queries?
Our AI chatbot support is always available to provide answers to any questions but to begin with, here are some of our most asked questions
What are the main advantages of utilizing a home loan overdraft facility?
What are some drawbacks to consider when opting for a home loan overdraft facility?
Who would benefit the most from a home loan overdraft facility?







