I have some queries regarding SBI maxgain home loan:
1. I had taken home loan in 2009 at 8% interest. Curretly the floating for SBI home loan is 10%, but my ROI is showing as 12.5%.
2. I understand that if we add surplus amount in SBI max gain account, the interest will be charged less but suppose due to some XYZ reason I am not abto to add surplus amount. Due to this my Book Balance (eg. -16,23,000) has become more than Drawing Power/Limit (eg.16,20,000) and get messages from SBI in the first week of every month that my acc. is irregular by xyz amount. Please let me know if is a mandate to have surplus amt in MG account?
TIA