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