SBI Maxgain home loan repayment

POSTED BY vinodkumar ON September 16, 2013 6:03 pm ONE COMMENT

Sir, We have availed SBI Max Gain Home Loan of Rs. 38,45,000 on 9/12/2009 to be paid in 180 EMIs. We have paid Rs. 16,97,082 so far and our liability is Rs.3364732 still.We were not guided of the benefits of Max Gain OD account facilities.We could have deposited lump-sum money into our Max Gain Loan and reduced the interest burden.

We came to know the benefits after going through Jagoinvestor that we can reduce interest and liability by depositing amount in an OD account.

We would like to pay Rs.2000000 as deposit.Please advice us the benefits.Thanking You

One reply on this article “SBI Maxgain home loan repayment”

  1. ashalanshu says:

    Dear Vinod, please read the article on Max Gain in main jagoinvestor site to understand it better. if you are still in doubt, please feel free to ask.

    https://www.jagoinvestor.com/2013/05/sbi-maxgain-home-loan-review.html

    thanks

    Ashal

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