POSTED BY January 8, 2014 8:16 am ONE COMMENT
ONI have a SBI home loan taken 3 years before and there are 2 items in my account statement which I could not understand. One is drawing power and the other is outstanding balance. The value of drawing power is 12,60,513 and outstanding amount is 11,52,661. Please explain that how much prepayment need to pay for close this loan account.
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Dear Mandar, Drawing Power is your actual as on date outstanding loan balance. hence you need to pay around 12.6L Rs. to close the loan.
thanks
Ashal