Did anyone take Home loan from Standard charted with the Home saver option?

[padmanabhamb]

Standard charted Home saver account gives the advantage of reduced interest with an overdraft account.
As per my understanding, the Home saver account policy is as below.
1. If the account balance is less than 50% of the outstanding loan balance, Then we get 100% interest benefit on the account balance
2. If the account balance is between 50 to 75%, then we get 100% on 50% amount and 85% benefit on the rest of the amount.
3. If the account balance is greater than 75% then we get 100% on 50% of the amount and 85% between 50 to 75% and 75% benefit on the rest of the amount.

Could someone clarify if my understanding is correct?

 

[Deleted member 7241]

Moral of the story:-

nothing is free.and
Bank never gives discount and benefits easily.
.
They play game on just one word called "T&C apply '


As simple as that..