HomeSaver is a unique home loan that enables you to pay your home loan in half the time, at half the cost.
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How it works

The chart below demonstrates how HomeSaver works:

chart image

A linked Transaction Account will be associated with your Home Loan.

The surplus money in your Linked Transaction Account will be used to offset the principal of your home loan, which will result in faster closure of your loan.

Effectively, interest will be paid only on the difference between the outstanding loan amount and your surplus funds.


The table and graph below show how you can save on interest costs as well as shorten the tenure on your loan by opting for HomeSaver:

  Normal home loan HomeSaver
Loan amount 10,000,000 10,000,000
ROI 10.50% 11.00%
Loan tenure (months) 240 240
EMI (Rs.) 99,838 103,219
Initial Deposit NA 1,000,000
Monthly Savings deposited in HS a/c NA 35,000
Total interest repaid (Rs.) 13,961,117 6,415,525
Savings on interest (Rs.) - 7,545,592
Actual repayment period (months) 240 120
Tenure reduced by (months) - 120

chart image

The rates used above are just for demonstration purposes
The interest rate applicable to your loan will be specified in your Sanction letter

Savings compared to normal home loan
Savings on interest: 54% Reduction in tenure: 50%

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