POSTED BY July 19, 2013 3:33 am COMMENTS (2)ON
Dear Ashal/Jagoinvestor team,
I recently switched my Axis bank home loan to SBI Maxgain. Axis sanctioned 61.5 lakhs and I paid EMI of 68,000 Rs for past 5 months and I got transferred to SBI with 66,000 Rs EMI for a loan amount of 61.09 lakhs (The 41,000 rs is what I paid as principal in past 5 months). So now my the my loan account look like this,
Description SBI SURAKSHIT HL MAXGN AUG 12
Book Balance -61,08,875.00
Available Balance 41,125.00
Uncleared balance 0.00
Drawing Power 61,50,000.00
Rate of Interest (% p.a.) 10.1%
Lien Amount 0.00
Even after the full disbursal, I cannot able to transfer from OD to my Savings account. I read from your previous answer that after full disbursal I can able to transfer the money back to my savings account. I am yet to pay my first EMI to SBI starting next month onwards.
Do I need to contact the branch for transaction rights?
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2 replies on this article “SBI Maxgain Loan”
Hi Ela Selvaraj,can you please tell how to transfer the loan account from other banks to SBI?
Ela, yes you have to contact the branch and this is the biggest pain as a customer of PSU bank, for each and every thing you have to contact your branch.