Not able to understand Drawing power and outstanding amount in SBI Maxgain

POSTED BY Mandar ON January 8, 2014 8:16 am ONE COMMENT

I have a SBI home loan taken 3 years before and there are 2 items in my account statement which I could not understand. One is drawing power and the other is outstanding balance. The value of drawing power is 12,60,513  and outstanding amount is 11,52,661. Please explain that how much prepayment need to pay for close this loan account.

One reply on this article “Not able to understand Drawing power and outstanding amount in SBI Maxgain”

  1. ashalanshu says:
    January 13, 2014 at 12:15 am

    Dear Mandar, Drawing Power is your actual as on date outstanding loan balance. hence you need to pay around 12.6L Rs. to close the loan.

    thanks

    Ashal

    Reply

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