Hi,
I took a SBI HOME LOAN on 12th July 2013. While taking the home loan due to lack of awareness I had taken the SBI SURAKSHIT HOME LOAN.
As per my observation with SBI HL the interest part will be calculated every month end and it will be credited to my HL account.
Total Amount: ₹27,93,000.00/- @ 9.95 ROI
First Interest rate posted on 31th July 2013 is: ₹15,187/- for 20 days
First EMI PAID is : ₹27,900/-
- ” not sure who many years, they said it’s 20 but it seems like 17+ years and this EMI directly deducted in principal outstanding..:) due to this my interested saved on ₹27,900/- for 20 days :D. Now planning to change my current ECS to 2nd of every month..;) “
My contribution towards Part Payment consolidated as no date is : ₹20,287/-
Current out standing is : ₹27,60,000.00/-
I am decided to pay ₹15,000/- to ₹5,000/- as a part payment everymonth along with the EMI to pre-close my SBI HL with in 5 to 10 years.
Kindly let me know does SBI MAX GAIN helps in this situation ?
I also did an enquiry with SBI RACPC, they said if I migrate to SBI MAX GAIN my base ROI hikes and also its difficult to migrate…!