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SBI MAXGAIN OD

Q & A Forum › Category: Banking › SBI MAXGAIN OD
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ravi asked 3 years ago

Hi,
Took  SBI HL MAXGAIN OD(WOM-OCT15) in Feb 2016 has joint home loan account for 36,60,000 interest rate for 9.50%.
But now it was reduced to 9.45 %

  1. Please suggest me whether to shift to lower interest rate to 8.65% for 1 year. ? Is there any benefits for it?
  2. I paid around 1 lac  apart from EMI which comes around 31,978 last month Jan 2017, But actally am not able to see the amount deducted from my Principle amount, Not sure why?
  3. Here my account detail shows like:
  4. Book Balance
    -35,31,963.00

    Available Balance
    80,441.00

    Limit
    36,12,404.00

    Uncleared balance
    0.00

    Drawing Power
    36,12,404.00

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1 Answers
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basunivesh Staff answered 3 years ago
  1. One year means?
  2. I am not sure of how much you paid. However, the amount in available balance showing Rs.80,441. This means every month you are paying interest part in EMI=your principal outstanding for that particular month-Rs.80,441. If you still have confusion, then check with bank officials.
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