Dear Sir ,
I have SBI Max gain Home Loan OD Account for loan of Rs 22.84 Lac from SBI from Year 2011. Last year , I have made deposit extra surplus amount approx Rs 8 Lac.
At the end of the year , Interest certificate issued online by SBI is not showing the principal amount is not correct OR I am missing some point in understanding !!
Just to explain you , I am paying EMI of Rs. 25389/- per month. So the total amount repaid at the end of the year is Rs.304668/-. As per my account Interest certificate , the break up is showing as 1) Interest – Rs 153956/- 2) Principal – Rs. 57866/- ; this Total to Rs. 211822/-. There is reduction in interest , since I have deposit the extra surplus amount..
Unable to understand , if I have paid EMI of Rs. 304668/- ; then why the interest statement is showing total of Rs.211822/-. There is gap of Rs. 92846/- !!
I need to understand where this amount will be posted by the bank ? And , why it is not showing as part of the principal Amount ?
Pls help me to clarify this..Thanks in advance
With Regards ,
Dear Sir ,