Query on SBI Maxgain

POSTED BY shantharam ON September 9, 2013 10:49 pm ONE COMMENT

Sir,

   I am planning to opt for SBI Maxgain home loan for an amount of 30 lacs towards an under-construction flat. My query is:

1. consider that I avail the loan for a tenure of 10 years and say I have managed to add surplus amounts at regular intervals and I find that the money in my OD account say after 5 years equals my all dues until then and I do not close the Loan, I understand that from next month, I would have to pay EMI with no interest. So in case I pay the EMI and some more Surplus amount will I get any interest from the bank on the surplus amount? If yes at what rate of interest?

One reply on this article “Query on SBI Maxgain”

  1. Dear Shantharam, you ‘ll not get any interest on the excess interest saved in your max gain account.

    thanks

    ashal

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