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  • Difference between Drawing Power and Outstanding Amount in SBI SBI SURAKSHIT HL A/c ?

    bhanu
    11

Hi,

I am SBI Home loan customer with SBI SURAKSHIT HL A/C. When I log -in to my internet banking, I see Drawing Power, Outstanding Amount and Limit.

Kindly help me to understand differences between outstanding amount, drawing power. More over today I transferred some money from my Saving A/C to Loan A/C. I see only the transferred amount was getting deducted from Outstanding Amount. 

When the Drawing power gets reduced? Should I assume that outstanding amount is the remaining amount, I need to pay back to the bank. Please clarify. Many thanks in advance!

Limit xxxx
Drawing Power xxxx
Outstanding Amount xxxx



11 Answers

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1 ashalanshu November 25, 2013 at 7:59 am

Dear Bhanu, can you mail your account statement to my personal E-mail ID? The drawing power is your actual loan balance which you need to repay.

Thanks

Ashal

Reply

2 bhanu November 25, 2013 at 4:44 pm

Hi Ashal,

Thanks for your response. I have sent you the email. Please let me know, why drawing is not reducing even after prepayment.

Regards,
Bhanu

Reply

3 ashalanshu November 26, 2013 at 11:30 am

Dear Bhanu, please check the personal mail for my reply.

Thanks

Ashal

Reply

4 GautamKumar January 3, 2014 at 3:52 pm

Hi Ashal,
So I have same question. After paying some amount, drawing power is not get reduced but outstanding amount get reduced.
I ask bank officials regarding same, they told I will have to pay outstanding amount. But as you mentioned above that drawing power is action loan balance.
I am totally confused now, could you please clarify it.

Reply

5 ashalanshu January 3, 2014 at 10:22 pm

Dear Gautam, you need to send your account statement in exl. file format to me.

Thanks

Ashal

Reply

6 GautamKumar January 6, 2014 at 4:18 pm

Hi Ashal,
Could you please share your email-id into gautam.pucsd@gmail.com.

Thanks,
Gautam

Reply

7 some123 March 22, 2014 at 11:18 pm

Hi Ashal,

I have the same query. After paying some amount as pre-payment, i see a similar scenario. Drawing power hasn’t reduced, outstanding one has.

I have taken home loan of Rs 20 lakhs for 20 years. This is what the account looks like now. I have paid an amount of 1 lakh as pre-payment recently.

Description SBI SURAKSHIT HL AUG 12
Limit 20,00,000.00
Drawing Power 20,11,127.00
Outstanding Amount 19,06,738.00
Rate of Interest 10.25
Currency INR
C.Y.YTD Interest 142426.0
P.Y.YTD Interest 0.0

If you could clarify, thanks a lot.

Also, if i am planning to move to SBI MAX Gain, can it done from any brand? Or do i have to go to the place from where loan is taken? I have taken the loan in Kolkata as the property is in Kolkata. But i live in Mumbai and my saving account is in Mumbai.

Thanks
Som

Reply

8 ashalanshu March 23, 2014 at 11:00 am

Dear Some, I can not comment in isolation with out having alook into your bank account statement so please mail me the same on my personal mail id.

Thanks

Ashal

Reply

9 some123 March 24, 2014 at 11:36 pm

Hey Ashal, what’s your email id?
Thanks

Reply

10 ashalanshu March 25, 2014 at 9:25 am

Dear Some, please click on my ID name above and get my e-mail id from my profile there.

thanks

Ashal

Reply

11 some123 March 27, 2014 at 4:15 pm

Thanks, Ashal. Have mailed.

Reply

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