POSTED BY April 28, 2014 7:05 pm ONE COMMENT
ONI am in the process in shifting my home loan to SBI. In my previous bank a standing instruction was created to move funds from savings a/c to loan a/c. However in SBI they are insisting only on ECS from my salaried account for emi payment. Is this true for everyone who has taken loan from sbi here?
2021 © Jagoinvestor.com All Right Reserved
Dear Roshan, earlier SBI was allowing EMI payment from non salary account. Due to rising NPAs, it seems a new condition inserted in past few months. My own Max Gain EMI is from SBI SB account which is a non Salary account.
Thanks
Ashal