POSTED BY September 12, 2013 5:21 pm COMMENTS (4)
ONHi guys,
Currently, my loan account is showing the following details
Account Number | 00000032681877580 |
Name | Mr. AMIRISETTI SATISH KUMAR |
Description | MAXGAIN SURAKSHA |
Limit | 38,638.00 |
Drawing Power | 37,452.00 |
Outstanding Amount | 35,756.00 |
Rate of Interest | 10.7 |
Currency | INR |
C.Y.YTD Interest | 1689.0 |
P.Y.YTD Interest | 1319.0 |
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
Satish
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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.
thanks
Ashal
Hi Ashal,
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,
Satish
Dear Ashal,
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.
Thanks,
Satish
Dear Satish, what’s the total loan amount for you? when did you took your loan?
thanks
Ashal