Home Loan with OD

[Finchamp!]

Hi All,

I am looking at Home Loan with OD options (or as many call "Home Saver" accounts) and it appears that almost every bank has one variant of it now. I wanted to know whether are there any specific criteria to be considered/ explored while selecting one Home Saver account over another? Or can I just compare rate of interests and proceed?

On that note, why is SBI maxgain so popular? Does it have any special benefits over its competing products?

 

[ontherocks]

Saver home loans are provided in a minority of banks mot majority, as of today.
As far as comparing between banks, just compare the interest rates like you would do in a regular home loan
One thing to be aware of is that saver home loans have higher interest than regular loans.
SBI is popular because people think they do a better/thorough/strict due diligence on the property.