POSTED BY April 11, 2013 7:28 pm ONE COMMENT
ONHi,
I have sbi max gain home loan account . I know that I cannot withdraw any money till full disbursement is done. However I want to ask if I put some extra money other than EMI , would this money be considered as a part of margin money.
for example if I have loan of 50l and my margin is 20l .if I have taken 10l till now but also deposited 1l would the margin can be taken from this account
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Dear Manoj, the plain answer is no. The amount parked by you in MG can not be used by you for margin payment.
Thanks
Ashal