12 replies on this article “Max gain”

1. Sumit says:

   July 9, 2013 at 9:32 am

   Hi Ashal,

   I asked them for amortisation schedule and they have just given me my EMI schedule calculated from a normal EMI calculator software. So now pls suggest what i need to do and what is the consequences of deducting interest from the excess deposit amount ?

   Thanks
   Sumit

   Reply
2. Sumit says:

   July 4, 2013 at 4:48 pm

   Thanks Ashal,

   for your reply and suggestion. I ask the amortization schedule form and will come back to you.

   Thanks
   Sumit

   Reply
3. Ashal Jauhari says:

   July 4, 2013 at 1:33 pm

   Dear Sumit, The Loan Amortization schedule is the table, which ‘ll show you mow much Principal & how much interest each month you w’d pay to bank over the next 20Y term of your loan.

   Thanks

   Ashal

   Reply
4. Sumit says:

   July 4, 2013 at 12:13 pm

   Hi Ashal,

   What is loan amortiztion schedule ?

   Thanks
   Amit

   Reply
5. Ashal Jauhari says:

   July 4, 2013 at 9:24 am

   Dear Sumit, please demand your loan amortization schedule from the loan serving branch & contact me here again.

   thanks

   Ashal

   Reply
6. Sumit says:

   July 3, 2013 at 5:08 pm

   Hi Ashal
   I am unable to find the example that you are refering for
   below is an example that I have created as per account statment

   25-05-13 Loan Amount (1,150,000)
   31-05-13 Debit Interest (2,194)
   07-06-13 EMI June 12,323
   15-Jun-13 Fund Transfer 40,000
   30-Jun-13 Debit Interest (9,179)

   Book Balance (1,109,050) (Account closing balance)
   Available Balance 30,821 (Extra fund transfer less debit interest on 30 June)
   Drawing power (1,139,871) (Loan amount plus debit int on 31-5 less June EMI)

   My questions is.
   1. Why available balance is 30821/- instead of 40000/-
   2. Why drawing power is 1139871/- instead of 1149050/- (1150000+2194-12323+9179)

   Thanks
   Sumit

   Reply
7. Ashal Jauhari says:

   July 3, 2013 at 4:44 pm

   Dear Sumit, Drawing Power is the as on date actual loan balance. Other 2 are clearly understood by you. To understand it more better with an example, please visit the Max Gain article in the main Jago site published in June-2013.

   Thanks

   Ashal

   Reply
8. Sumit says:

   July 3, 2013 at 4:04 pm

   Can you clear the same by given an example ?

   Thanks
   Sumit

   Reply
9. Sumit says:

   July 3, 2013 at 4:01 pm

   Hi Ashal,

   Just want to know what is the meaning of

   Book balance
   Available Balance
   Drawing Power

   As per my understanding books balance is the balancing amount of account on which bank charges interest.

   Available balance is the amount that you have deposited in OD over and above the EMI

   and I don’t know the drawing power means.

   Please reply

   Reply
10. Ashal Jauhari says:

    July 3, 2013 at 3:04 pm

    Dear Sumit, please send me your account statement from day one of your loan.

    Only after getting through it, I can comment anything.

    Thanks

    Ashal

    Reply
11. Sumit says:

    July 3, 2013 at 2:21 pm

    Hi Ashal,
    I just want to know about available balance.
    As per my understanding Whatever I have deposit to my OD account over and above the EMI amount the same I can withdraw any time.
    But as per my Max gain account my available has been reduced by the interest amount which has been debited to my OD account on 30th of the month. please clarify on the same

    Thanks

    Reply
12. Ashal Jauhari says:

    July 3, 2013 at 10:24 am

    Dear Amit, what’s the query?

    thanks

    Ashal

    Reply

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