POSTED BY January 30, 2014 9:20 am COMMENTS (9)ON
I’m an SBI Home loan customer with SBI SURAKSHIT HL A/C.
When I log in to my internet banking, I see Drawing Power, Outstanding Amount and Limit as below.
Drawing Power 28,90,485
Outstanding Amount 25,41,098
Kindly help me to understand differences between outstanding amount and drawing power. More over today I transferred 2L money from my Saving A/C to Loan A/C. I see only the transferred amount was getting deducted from Outstanding Amount.
When the Drawing power gets reduced? Should I assume that outstanding amount is the remaining amount, I need to pay back to the bank. Please clarify.
Many thanks in advance.