SBI Max gain Load Interest Rate – Should I switch from 11.75% to 10.15% ?

POSTED BY jatin ON February 2, 2014 5:24 pm COMMENTS (3)

SBI Max Gain user are allow to switch one time interest rate while this is liable of .59% on Limit/Drawing Power. Today Interest rate applicable for me is 11.75% where currently bank is offering at 10.15%.

My current Drawing Power is: 22L where have book balance of 6.8L. I might required 6.5L while taking position of apartment to pay towards Registration & Builder. I’m expecting apartment to be available in another three months but not early.

Other options is to wait for position & apply for reducing Limit/Drawing Power (reduction is not possible for under construction property). Then apply for the interest rate reduction/switch.

Can someone suggest what should I do? And how to calculate the reduction rate to know for each interest rate to know I’m gaining/losing the money.

3 replies on this article “SBI Max gain Load Interest Rate – Should I switch from 11.75% to 10.15% ?”

  1. ashalanshu says:

    Dear Jatin, if you do not need the balance money, you should simply write SBI to treat the current partial disbursal as final disbursal and to do needful to start EMI| for 13L Rs. loan amount and adjusting the unused amount to bring down your loan limit.



  2. jatin says:


    Is there any way I can force SBI to reduce the limit from 22L to 13L?
    Since from last one year builder is postponing the dates.


  3. ashalanshu says:

    Dear Jatin, please wait for final disbursal and after that opt for rate reduction.



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