Hello Experts,
I had taken Home loan from SBI for 56,00,000 and since my EMI started
after 1 month, after one month total amount shown in my loan statement
was 56,59,000. I had EMI of 62000 but i increased it to 65000. So i
guess rest 3,000 will be made towards my principle repayment. Now
after one year, i have paid another 5,00,000 towards my loan repayment
which i am not sure is adjusted towrads loan preinciple repayment or
not. I can see few jargons in my loan account. Could you please
clarify the same .
Book Balance = -49,33,822.00
Available Balance = 5,03,893.00
Limit = 54,37,715.00
Drawing power = 54,37,715.00.
Could you please let me know what above terms mean to me.
Regards,
Manoj