Should I increase my EMI or deposit some extra money monthly in my SBI maxgain ?

POSTED BY bhushan_bbc ON March 12, 2014 8:53 am COMMENTS (4)

Hi,

I am having SBI maxgain home loan account and I have taken 25 lakhs of loan and my EMI is around 24k per month. Now I want to increase my EMI from 24k to 30k per month, but before that I want your suggestion that am I right? or instead of increase in EMI  Is it better to deposit ‘x’ amount monthly to maxgain account as I have internet net banking for the same account.

4 replies on this article “Should I increase my EMI or deposit some extra money monthly in my SBI maxgain ?”

  1. ashalanshu says:

    Dear Bhushan, please start parking this extra amount manually into SBI Max Gain.

    Thanks

    Ashal

    1. bhushan_bbc says:

      Thanks Ashal, for your valuable reply now I got clear Idea.

  2. roshan says:

    It is better to deposit ‘X’ amount monthly to maxgain account. This amount will be available for you to withdraw in case of financial emergency apart from bringing down your interest component

    1. bhushan_bbc says:

      Thanks Roshan, for the clear and very helpful information, Thanks a lot

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