Confused if my EMI is deducting Principle amount correctly or not ?

POSTED BY sachinpujarip ON December 11, 2013 9:01 pm COMMENTS (3)


I have taken home loan from SBI (MaxGain, 25 years). The current detatils are as below. My EMI is 21274 and last interest debited was 17418. How much Principal amount will be deducted from my next EMI?

I think that even though considering surplus amount and its interest my principal amount deduction should be Rs 2000+ from EMI and drawing power and limit should reflect atleast around 22,07,945. But it is not happening. Last month it deducted only around Rs 1375 from drawing power and limit. Can any body help me to understand if Principal amount is correctly deducting from EMI?

Book Balance -20,26,299.00
Available Balance 1,83,646.00
Limit 22,09,945.00
Uncleared balance 0.00
Drawing Power 22,09,945.00
Currency INR
Rate of Interest (% p.a.) 10.25%



3 replies on this article “Confused if my EMI is deducting Principle amount correctly or not ?”

  1. ashalanshu says:

    Dear Sachin, on the basis of info provided by you, there seems some problem. Please contact SBI loan serving branch to get it rectify. In case you want to discuss it in detail, please feel free to contact over my personal mail ID.



  2. sachinpujarip says:

    Hi Ashal,

    My origional loan amount was Rs.2250000


  3. ashalanshu says:

    Dear Sachin, what was your original loan amount?



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