POSTED BY January 3, 2013 11:27 am COMMENTS (3)ON
I took Rs 4500000 housing loan from SBI for a tenure of 30 years with a full EMI(42007 rs/month) option (not pre-EMI). On july 25th 2012 amount 3227000 was released to builder. I am availing the facility of SBI MAX GAIN. During loan processing it was said that EMI will be started deducting after 2 months from my salary account(which is sbi savings account) that is from month october but it has started deducting from 31st july it self. The loan account is linked to my another normal savings SBI account. I have seen in transaction history of my OD account and it is showing debit interest Rs 6653 for july and Rs 29524 for august and 29586 for september. But my EMI said by bank is RS 42007. Hence I wonder what is this debit interest and why not my principal loan amount is not reduced.what actually happened from july 25th to october 10th? are they charging me interest? It will be very helpful if you help me to understand what happened.
I have sent my OD account screenshot to your gmail. Please anwer my query.