Why pre-EMI amount added in book balance of SBI Maxgain ?

POSTED BY MILIND SARAF ON November 2, 2013 9:02 am ONE COMMENT

dear ashal

giving herewith sbi-max gain hl statement. I have taken loan of rs 17.53 l for 215 months with 18 months moratorium with 10.05 ROI . Out of 1753000, first disburstment of rs 410631 made on 22/10/2013.  My int for 22/10/2013 to 31/10/2013 rs. 1137/- is added to my book  balance . Hence my available balance is reduced by rs. 1137/- .

i did not understand why rs 1137/- is added to my book balance, is it mean that my loan avalable is less by 1137/- ? pl advice and clarify in simple language as usual.

Ashal i sincerely admit that what so ever maxgain i understood is just because of your advice / explaination in simple language.

 

regards

milind

Account Number 00000033348340743
Description SBI H L MAXGAIN AUG12
Name Mr. MILIND ARVIND SARAF
Book Balance -4,11,763.00
Available Balance 13,41,237.00
Limit 17,53,000.00
Uncleared balance 0.00
Drawing Power 17,53,000.00
Currency INR
Rate of Interest (% p.a.) 10.05%
Lien Amount 0.00

 

One reply on this article “Why pre-EMI amount added in book balance of SBI Maxgain ?”

  1. Credexpert says:

    Dear Mr. Saraf,

    We would suggest that you directly approach the bank for clarifications on the details/calculations.

    Regards,
    Credexpert
    http://www.credexpert.in

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