Dear Team
I have a maxgain account since Aug-2009. I took a download of all the transactions and analysed those. According to my analysis, my loan repayment amount should be 1.87 Lakh more that what it actually is. Here is the summarized information of my loan account.
Can you plz let me know if i am missing anything or is there any mistake in SBI’s calculation in my case.
| Sr. No. | Description | Amounts | Comments |
| A | Total interest till date | 756647 | Taken from maxgain loan statement |
| B | Total EMI till date | 1283016 | Taken from maxgain loan statement |
| C | Estimated Principal repayment | 526369 | Calculated (B-A) |
| D | Total Loan Taken | 2518465 | Taken from maxgain loan statement |
| E | Current Outstanding | 2179747 | Drawing Power / Limit |
| F | Actual principal repayment | 338718 | Calculated (D-E) |
| G | Difference in principal repayment | –187651 | Calculated (F-C) |
PS: please let me know if you need anymore information.