POSTED BY January 3, 2013 10:14 am COMMENTS (10)ON
I have recently taken a home loan of 30L from SBI. Since 95% of construction work is already completed, first disbursement was 28,05,200/-.
When OD account was linked to my SB account in SBI, it showed 30L balance in OD account and in 2-3 days, first disbursement of 28,05,200/- happened. When asked in SBI branch, they told me that I can start the repayment if I want to but I won’t be able to withdraw surplus amount in this period.
My question, what exact benefit, I will get if I park some surplus amount in OD account in Pre-EMI stage. Also will I be able to withdraw same surplus amount after complete disbursement is done?
Appreciate your valuable suggestions.