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 Loan with overdraft facility

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cuebiz
post Jan 13 2009, 11:32 PM

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Joined: Aug 2006
From: Bolehland


QUOTE(hoeynala @ Oct 5 2008, 11:16 PM)
Dear All,

Advise needed.
What is overdraft facility?
Under what circumstances should I take this facility under home loan?
What are the risk involve taking this facility?
*
Unless you are running a business or investment, it is not advisable to take up OD under home loan.

BTW, bank officer responding in the forum should be answering TS question instead of asking TS to call them.

 

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