I have got SBI Max Gain loan with OD account with loan approved for say X amount for an under construction property where SBI is releasing loan as per progress of construction.My full EMI has started .Now I have got some dispensable amount which I can either use to pay the builder and reduce my loan amount (hence EMI can also be reduced) or put the same money in Max Gain OD account so that it reduces my future interest and continue with previous loan amount and hence EMI.
Which one would more beneficial putting money in OD account or reducing the loan amount ?? .