SBI MaxGain Home Loan

POSTED BY Inty ON January 19, 2013 10:07 pm COMMENTS (7)

Hello – I have taken the SBI max gain home loan 2 years back. But I have not got a chance to use any of its benefit because I still did not get the possession of my flat. My question is, is there a way that I can get the benefit like prepayment, OD and any other benefit if there is. Thanks for your help.

7 replies on this article “SBI MaxGain Home Loan”

  1. Dear Inty, please write an e-mail to your branch for the same. I doubt that SBI ‘ll entertain such requests when you are out of India. Netbanking policies of SBI do not allow to hand over your user id & password kit to some one else

    Thanks

    Ashal

  2. Dear inty, the amount’ll be OD balance & ‘ll be available for withdrawal. Till withdrawal it ‘ll help to reduce interest outgo.

    Thanks

    ASHAL

    1. Inty says:

      Thanks Ashal… Do you know if there is a way to get the account open (atleast read only) for my loan account. I am not in country right now, so I can not visit the bank. But I need that read only atleast internet account/login information, so that when I transfer any additional amount to my loan account I can see it there… Thanks

  3. Dear Inty, do you have SB account & netbanking in SBI? If yes, you can directly transfer your money from SB acct. to MG acct. In case you do not have SBI SB acct. you should add MG acct. into your other bank’s SB acct. & start transferring money using netbanking of that acct.

    Please do note, in case of need you can not withdraw money from MG acct. as full & final disbursal has not been done.

    Thanks

    Ashal

    1. Inty says:

      Hi Ashal, I dont have the sb account, but as you suggested, I will try to add that loan account to my other bank account and transfer the money… the only question I am left with is, will that amount be called a pre-payment or OD deposit which will reduce the interest and i can withdraw after the full disbursal? – Thanks…

  4. Dear Inty, you can deposit your surplus amount even now but you ‘ll not be able to withdraw against your needs till the final disbursal is done. In case, final disbursal is done but property possession is not with you, you can still go for transactions rights. Although it’s highly unlikely, that SBI had released full loan amount with out completion of the property.

    Thanks

    Ashal

    1. Inty says:

      Thanks for the reply Ashal – You are right, I did not get the possession and load is not full disabused as well. can you please provide some more information about how will I deposit my surplus account there. I visited bank once and they said I can not do this because house is not in my possession. – Thanks

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