I am planning to take a home loan from SBI. I have a few clarifications to seek.
1. Does SBI charge the EMI on the full loan amount from day 1 rather than the amount that this disbursed till that time?
2. What is the duration of a moratorium when purchasing a villa? is it fixed by SBI or is it ased on actual possession?
3. If I take a 1,00,000 loan and only consume 80,000 for the home loan, do I pay an EMI on 80,000 or 1,00,000?
I called the SBI call center but they were of not any great help.
thanks so much