Home Loan TL from SBI

POSTED BY Rakesh Ranjan ON January 25, 2013 3:03 pm COMMENTS (6)

Dear Sir,

I have been santioned & disbursed with 19.53 L from SBI for 300 mnts.As per calculation EMI comes as INR 17447 pm.But they have shown the EMI as INR 18010.

Why this difference is?

And can TL be changed now to Maxgain?If yes ,may I writte letter directly to AGM,SBI at concerned RACPC?

Please comment on this.


Rakesh Ranjan

6 replies on this article “Home Loan TL from SBI”

  1. DINESH KUMAR M says:

    How to check the home loan balance online

  2. BABY says:

    Dear Sir,

    I have loan in SBI 6.50 lacs now outstanding 5.30 lakhs .

    What is the meaning of SBI Home Loan TL(APR15)

    Taken loan in 2010 and now 2017 , TL means till?

    1. We are not sure on that !

  3. Sanjay says:

    Dear Sir,
    I have taken “sbi home loan tl aug 11” of 14 Lacs @10.5% interest which is current 9.8%.
    What is the difference between Drawing power & Outstanding balance. Currently Drawing Power is 12 lacs & Outstanding is 9 lacs. Which amount is balance to pay ? Does it means 12 lacs is = interest+principle AND 8 lacs = principle ?

  4. Credexpert says:

    Dear Mr.Ranjan,

    What is the interest rate? We would need the interest rates to comment on the difference.
    Also it would be best if you check with the bank for the option of changing Term loan to SBI Maxgain


  5. Dear Rakesh, please check your loan documents for addition of Rin Raksha policy. Also ask for this increased EMI at your local RACPC. With out reading all documents of your loan, we can not judge for this EMI increase.



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