POSTED BY September 12, 2013 5:21 pm COMMENTS (4)ON
Currently, my loan account is showing the following details
|Name||Mr. AMIRISETTI SATISH KUMAR|
|Rate of Interest||10.7|
ROI is shown as 10.7 but in some of the posts in this website, I saw 9.95% for loan account as well.
why is it so? Can you help me understand this
Thanks in advance
2021 © Jagoinvestor.com All Right Reserved
4 replies on this article “Can someone help me to understand SBI Suraksha ROI (Return on Investment)”
Dear Satish, the insurance prem. is meant for your life insurance. Please do check your loan agreement for aplicable ROI. It may happen that at the time of sanction of your loan, the spread over base rate was higher than the one offered to customers after you.
Do you need any other details from me. Please let me know.
Apart from that, is this loan account belongs to personal insurance or property insurance ?
Thanks in advance,
Thanks for your reply.
My total loan amount is 2678000 (2640000 + 38000(insurance) approx)
my loan got approved in December, 2012 and EMI started in Feb, 2013.
Dear Satish, what’s the total loan amount for you? when did you took your loan?