POSTED BY May 9, 2014 6:02 pm ONE COMMENT
ONSir,
I have SBI loan
Name Mr. NILAMADHAB PATTNAIK
Description T L Educational LoanPER
Limit 3,80,000.00
Drawing Power 4,28,572.00
Outstanding Amount 4,51,217.00
My edu loan outstanding on april 30,2014 arond 5,10000/-.I got subsidy of around 85,000/- but my outstanding amount is 4,51,217.00 instead of 4,25000/- aprox. Could you help me in this regard?
Should i pay drawing power or outstanding amount,if i dont pay emi.(possibly ggod emi one year latter).
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Dear Nilamadhab, you need to pay out standing loan amount to close the loan.
Thanks
Ashal