Does the interest amount charged vary from month to month? From my sbi max account Rs 40,00,000/ was issued to the builder as on 20 Dec 2013. After this no payment is give to the builder ( next payment is another 2 months away). When I checked the interest outgo, each month it varies! Why is it happening?
- Jan 14 I paid 37,106.00 as interest
- Fed 14: 33,299.00
- Mar 14: 36,526
Is it calculation error?