POSTED BY June 12, 2013 12:26 pm COMMENTS (2)ON
I have a SBI Max gain HL and I have started paying regular EMI for past 6 months. But I dont see my Limit and Drawing Power going down after 6 EMI payment.Based on the discussion in the forum, I understood that it has to go down based on my principal prepayment.
When I checked with the bank, I was informed to concentrate only on Book Balance alone which will give my loan outstanding.
Please correct me if my understanding is correct.