Short and Sweet Home Loan FAQS

Deposit of money

Can I deposit money equal to or over and above the loan amount / principal outstanding. Do I get interest on the excess money deposited?

  • Deposit of money equal to or over

Short & sweet account is meant for saving interest on your home loan. Since the nature of account is current, there is no interest available for the excess balance you deposit in the account. In case your deposited balance is over and above either the credit limit or principal outstanding we would be pro-actively initiating the process of closing loan facility on your account. However, you will be allowed to continue to use as a normal banking account.

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