digiHOMELOAN-Home Loan in Bangalore,Home Loan Transfer Calculator,Plot & Construction Composite Loan,SBI Base Rate to MCLR ,SBI Max Gain Home Loan,Transfer Home Loan to SBI.

Interest Saver Option:

Interest Saver Options: The product sells like hot cake. The nomenclature differs across banks. SBI calls it Maxgain, in IDFC Bank it’s Short & Sweet

The underlying principle: Funds parked in Savings/RD account with yields of 3% to 6% pre tax can be parked in your home loan account charged @ 8.35 to 8.75%. The difference is your profit. Example

Savings A/c-3 lakhs Surplus @ 4 % Yield

Park @ 6 months

Home Loan A/c-30 lakhs Principal O/S @ 8.5%

Savings are assured, tax free & you retain liquidity at any given time

Some banks offer this product only after possession of the property