My SBI branch people are not able to convince me for my SBI Max Gain Query ?

POSTED BY Anupama ON May 14, 2014 3:26 pm ONE COMMENT

I have taken a Home loan with SBI through Max Gain account in sept 2012,  recently I pre paid 5 lakhs to reduce my principal amount and reset the EMI.

My query is that each month an entry is done for principal amount i.e. 17 th of every month amount of principal is auto deducted without any record and on 31st of every month interest is separately deducted for which the entry is seen in the statement  and then when EMI on 5th of every month is credited from savings account the balance is adjusted. This is very confusing.

Also recently after prepayment of 5 lakhs there is no change in my DP amount.  and last 2 months the proportion of interest and principal deduction has increased.  Please explain the mechanism of Max gain… I approached my branch but they were not able to convince properly.

One reply on this article “My SBI branch people are not able to convince me for my SBI Max Gain Query ?”

  1. ashalanshu says:

    Dear Anupama, have you read my article in main JI site on Max Gain?

    Apart from that article, you may watch my 2 videos on Youtube.

    Still if you do have more queries after article and videos, you may join my Facebook group – asan ideas for wealth.



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