Will loan tenure come down in SBI MaxGain if I park some money in account ?

POSTED BY nirmalgeorge ON January 30, 2014 11:52 am ONE COMMENT

I have a SBI MaxGain loan for 30lakhs, tenure 20 years. Started paying EMIs about 6 months back. If I park 20lakhs in my loan account, will the loan tenure be reduced automatically as the major part of my EMI will be going towards the recovery of principal.

One reply on this article “Will loan tenure come down in SBI MaxGain if I park some money in account ?”

  1. ashalanshu says:

    Dear Nirmal, the answer is NO. please read the SBi Max Gain article in the main JI site as well as you can chedck my Video on youtube to understand SBI Max Gain better.

    Thanks

    Ashal

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