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POSTED BY ON December 5, 2013 9:42 pm COMMENTS (7)
Would like to understand what does “debit interest” entry means.
I have taken loan for 36,70,000. 1st Disbursement from bank of 9,35,579 on 25th Oct 13. Then there is an entry of Debit interest for amount 1868 on 31st Oct 13. Unable to understand what is this “debit interest” entry for? Kindly help.
Thanks!
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Hi Friends,
This is my First month of Max gain account and i deposited 2 lacs on 27th March and my loan started on 16th March.
My Available balance is 183000 but i think it has to be 2 lacs, my DEBIT Interest on 31st Mar is 17000.
Can i withdraw/transfer 2 lacs or 1.83 lacs ? why Available balance is showing less and adjusted with DEBIT Interest ??
Request you to please help Friends
Regards,
Arg
Hi Arun Gupta
This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that
Manish
Thanks Manish !
Actually surplus money of 2 lac i transferred to SBI max gain account, so that i can use this later on if required but i see EMI interest is also debited from that.
I suspect that this available balance would be corrected once my EMI is deducted on 10th April. Lets see on 10th April
thanks again
arun
I am not very sure on the exact rule on that !
I have a savings bank account in SBI. It shows that I have debit and credit interest of same amount on same date. What is this? Can anyone explain!!
Hi Gajendra
This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that
Manish
Dear Investor 3981,
The debit entries are meant for interest towards the disbursed loan amount of Rs. 9.35 lacs. For EMI debit, please contact your loan serving branch.
Regards,
Credexpert
http://www.credexpert.in