SBI MaxGain Principal Not get reduced from EMI

POSTED BY Sachin ON August 6, 2012 2:49 pm COMMENTS (2)

I have taken a Max Gain home loan for 20,00,000 for flat.
And my EMI has started from last 3-4 months.
But when checked on net banking, I found that only Interest part is deducted and zero amount deducted from principal.Its showing same drawing power amount i.e. 20,00,000.
And some amount in available available balance. I am confused here
Does any body explain me following terms shown on online sbi banking:
1. Book Balance
2. Available Balance
3. Limit
4. Uncleared balance
5. Drawing Power
6. Lien Amount

2 replies on this article “SBI MaxGain Principal Not get reduced from EMI”

  1. Sachin says:

    I am paying full EMI using ECS.

  2. Dear Sachin, are you paying full EMI or pre EMI?

    Thanks

    Ashal

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