Super Saver Home Loans: Worth It Or Not?

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[{"selector":"#anim-b1e7dc14-331f-40b8-9cc4-ac38ecee59eb","keyframes":{"transform":["translate3d(102.09423%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc5f8ad3-d570-46a1-82c0-b3a237f4528d","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-876ca96e-29d7-426e-b2ae-73de221479f2","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4f1ffbd1-a760-4841-88d4-efbb890a001d","keyframes":{"transform":["translate3d(0px, 157.64576%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Cons Also, since interest saved is not tax-deductible, you need to plan your repayments in order to not lose out on annual tax benefits. Interest rates on Super-Saver loans are a tad higher (0.5- 1%) than the regular home loans.

[{"selector":"#anim-f3a36c58-13ef-40c3-bcf6-88ceda76a424","keyframes":{"transform":["translate3d(103.66491%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dd7ab27-0676-4a59-8818-a57c529d3a5d","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad23dd47-87b1-49fe-a050-ad39a9ef9cdf","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The Verdict Super-Saver loans can save interest payments by letting you park excess funds into its linked account - but they are also costlier, and unless you have substantial excess balances for long periods, they don’t make sense.

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[{"selector":"#anim-760ef9af-ac2b-41e2-a431-460d6508eb8e","keyframes":{"opacity":[0,1]},"delay":400,"direction":"normal","duration":600,"easing":"cubic-bezier(0.47, 0, 0.745, 0.715)","fill":"both"}] [{"selector":"#anim-039d5cdb-4ce3-479c-87ca-ab5f5d746ab9","keyframes":{"transform":["translate3d(0px, 200%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"direction":"normal","duration":600,"easing":"cubic-bezier(0.645, 0.045, 0.355, 1)","fill":"both"}] [{"selector":"#anim-66dbe164-aae1-43d8-a6cb-7e76e3297ae7","keyframes":{"opacity":[0,1]},"delay":400,"direction":"normal","duration":600,"easing":"cubic-bezier(0.47, 0, 0.745, 0.715)","fill":"both"}] [{"selector":"#anim-aed42f1c-101c-4852-8eaa-c7769c8af6ff","keyframes":{"transform":["translate3d(0px, 200%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"direction":"normal","duration":600,"easing":"cubic-bezier(0.645, 0.045, 0.355, 1)","fill":"both"}] STORIES MORE How to get local address proof The best time for withdrwal NRI property taxes in 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