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POSTED BY ON March 18, 2013 12:48 pm COMMENTS (2)
Dear Friends.
I have recently taken a loan (SBI Maxgain)
My current statement shows, kindly elaborate how tor ead this..
|
Book Balance |
-46,79,478.00 |
|
Available Balance |
57,614.00 |
|
Limit |
47,37,092.00 |
|
Uncleared balance |
0.00 |
|
Drawing Power |
47,37,092.00 |
|
Currency |
INR |
|
|
|
|
Lien Amount |
0.00 |
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Dear Mr. Hanchate,
The Available Balance is the amount that you can withdraw any time.
Book Balance is the current outstanding amount net of any principal prepayment you may have made and this is the amount on which the bank would charge interest.
Limit and drawing power both are the same at any point of time. This is the maximum amount up to which you can draw and would be the addition of the book balance and the available balance.
Regards,
Credexpert
Dear Dhananjay, what’s the query?
Thanks
Ashal