POSTED BY July 21, 2013 9:15 am ONE COMMENTON
I got SBI Home Loan (MaxGain) of 30L @ 9.95 % per year for 240 months (20 years). As per calculations the EMI should come around 28852, however the sanction letter says that EMI would be around 29340. I am struggling to understand what this 489 Rupees per month is for ?
Any Idea/Suggestions please.