Hi Team
I have transferred my existing loan from LIC Housing Finance to SBI MAX GAIN and the loan amount is 28.40 L. The EMI amount is 30,466 (which includes RINRAKSHA EMI also). Now my first EMI decuted from SBI Savings account on 10th Nov.
1. But As per below data the drawing power is still same, ideally it should be reduced by some amount rt?
2. Also I came to know that there is some moratorium period till then drawing power will not get reduced?
3. Also when I am login to SBI online portal, under RIN RAKSHA I am not able to see any credit transaction entry also. However they told me EMI 30466 includes RIN RAKSHA EMI also.
Kindly help to advise on above queries.
| Account Number | 00000034339057892 |
| Description | SBI H L MAXGAIN OD (AUG14) |
| Name | Mr. RAHULKUMAR VIRBHADRA RAKHONDE |
| Book Balance | -27,26,852.00 |
| Available Balance | 1,13,148.00 |
| Limit | 28,40,000.00 |
| Uncleared balance | 0.00 |
| Drawing Power | 28,40,000.00 |
| Currency | INR |
| Rate of Interest (% p.a.) | 10.15% |
| Lien Amount | 0.00 |