How to read SBI Maxgain statement

POSTED BY Dhananjay Hanchate 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

2 replies on this article “How to read SBI Maxgain statement”

  1. Credexpert says:

    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

  2. Dear Dhananjay, what’s the query?

    Thanks

    Ashal

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