SBI MAX GAIN Moratorium Period

POSTED BY MILIND SARAF ON October 18, 2013 2:05 pm COMMENTS (2)

Dear Ashal

I got sbi maxgain home loan sanctioned on 01/10/2013, the details are as below

HOME LOAN AMOUNT – 1753000

EMI Rs. 18202/PM

TENURE 215 MONTHS i.e. 17years and 11 months

MORATORIUM PERIOD 18 MONTHS FROM 01/11/2013, MY FULL EMI OF Rs. 18202 WILL START FROM 01/04/2015

My question is that whether these 18 months are included in tenure of 215 months and if so dose it mean that my emi will increase as i will get only 215-18=197 months ?

I have asked the same question to SBI official , but they said even after 18 months EMI will be same as Rs. 18202/- subject to there is no change in int. rate.

Dear Ashal can u clarify the same.

regards

miind

2 replies on this article “SBI MAX GAIN Moratorium Period”

  1. ashalanshu says:

    Dear Milind, the 18202 Rs. EMI amount is meant for 197 months and 197+18 months trandslates into 215 months, you actual loan term.

    Thanks

    Ashal

    1. MILIND SARAF says:

      thanks ashal
      milind

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