The decision to avail home loan demands deep research, and analysis on the part of the borrower before deciding to apply for it in a bank. It is because a home loan is a high-value loan, which comes with long term commitment and financial burden of EMI on your monthly budget. It is a big decision not just financially, but also mentally and emotionally for you and your family. Thus, one of the key aspects in deciding the home loan is a low rate of interest.
Just like a credit card, the debit card is also plastic money. You can simply swipe the card at the point of sale and make the transaction. Through a debit card, you spend the money which you already have as it is linked to your savings account in which you have accumulated funds. The debit card does not increase your debt burden, although you can avail overdraft facility on your account subject to certain conditions.