POSTED BY December 31, 2012 6:52 pm COMMENTS (2)ON
I have taken home loan of 29Laks under SBI Max gain. I am paying EMI Rs.28954 at 10.5% ROI for 20 years. Now SBI has cut down the interest rate to 10.25%. Will there be any change in the EMI? My account is still debited Rs.28954. In such case, will the number of months get reduced? How can i track these. I could not see the complete details in SBI Max Gain OD account. There is some technical errors due to which it says ‘you do not hold any housing loan accounts’.
Pls. explain why i am paying same EMI even the interest rate is cut-down.