Hi All
Need to know what is happening in my homeloan account. Below are the details from my loan account,
Book Balance-25,99,910.00
Available Balance12,867.00
Limit26,12,777.00
Uncleared balance0.00
Drawing Power26,12,777.00
CurrencyINR
Rate of Interest (% p.a.)10.25%
Lien Amount0.00
I am paying EMI of Rs.25000. i have paid till date 8 EMIs but not able to understand is my principal amount is reducing or not.
please help me.
Amol