Questions on SBI Maxgain Loan Withdrawing Power ?

POSTED BY ravithakar ON April 29, 2014 8:22 pm ONE COMMENT

Dear Sir,

I have taken SBI Max Gain Loan 5 years back. My sanctioned amount was Rs. 9,98,000. As on date my Drawing Power shows balance of Rs 8,71,000/-.

Can you please suggest reasons for the difference between Sanctioned amount and Drawing Power. Secondly I want to withdraw Rs. 1,50,000/- from my OD account. Can I Do that.

Thanks

Ravi

One reply on this article “Questions on SBI Maxgain Loan Withdrawing Power ?”

  1. ashalanshu says:

    Dear Ravi, drawing power of 871000 Rs. means you have repaid 127000 Rs. loan in last 5Y. If you do have money (surplus amount parked by you) in your Max Gain account, you can withdraw your desired amount.

    Thanks

    Ashal

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