I have home saver account from last 2.5 years with Stadard Chartered. At the time of taking loan they had explained me that even if I keep 20 to 30 k in account till 18th of every month, I can finish my load within 10 years.(That’s what they tell to everyone https://standardchartered.com/in/cb/loan/Homesaver/HomeSaverCalculator.htm)
I am putting around 1.5 lakhs through out the month still it has very less effect on my loan. Their calculations for interest part and principle part are not transparent.
Their monthly statements are horrible. One can’t understand how principle and interest components are calculated.
I suggest do not go for Home Save plan for home loan. Go for some nationalised bank. . Go for some nationalised bank. If anyone has similar experience, can they pls. share? If anyone has similar experience, can they pls. share? If anyone has similar experience, can they pls. share?