Hello Members,
Greetings!!
An year back I had taken a loan from SBI – SBI MAX GAIN HOME LOAN. The bank had disbursed half the amount to the builder . After this disbursement the project was halted due to some reasons. I had opted for a EMI option from day one.
Now that there has been no disbursement till date from the one that happened initially. I need to know that when I am paying the full EMI, will the bank be taking only the interest on the disbursement and reduce my loan amount with the remaining money paid as EMI. I had recently taken a statement of my account however the same was not reflecting in the statement.
Would be great if you all can help me out with this.
Rohit