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.