POSTED BY July 10, 2013 12:51 pm COMMENTS (2)ON
My loan amount is 15L for 10 years, under SBI Max gain. As first installment bank released 10L. Now remaining 5L is planned during registration.
The registration may happen after 8-10 months. Normal EMI starts from next month.
Can I park some money in Max Gain A/c and get the benefits on less intrest out go?
I am aware that I cannot withdraw the parked amount before final disbursement.
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2 replies on this article “SBI Max Gain”
Dear Kariyan, please park only that much amount, you do not need in extreme emergencies.
I would suggest that batter to wait for final disbursement since if some emergency arise you would be not able to withdraw before final disbursement.
But you can start transferring some amount thinking you are re-paying the principle.