SBI Auto Loan

POSTED BY Siddhesh Ayre ON June 8, 2013 10:55 am ONE COMMENT

I bought a car recently by using the SBI Auto Loan for new cars. The loan account is now appearing in my SBI online account. However, when I came across SBI MaxGain Home Loan Review article, I found some of the details in Home Loan account similar to what I see on my Loan Account page. I have a doubt now, whether I can use the OD facility to reduce my interest outgo of Auto Loan.

The loan account page has following type of information –

Description SBI CAR LN SCHM(TL) AUG12
Limit x,x8,000.00
Drawing Power x,x6,788.00
Outstanding Amount x,x6,648.00

It will be helpful if someone can clarify on the subjec.

One reply on this article “SBI Auto Loan”

  1. Dear Siddhesh, please confirm that your car loan is normal term loan or Advantage car loan?

    thanks

    Ashal

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