Need A Financial Product › Forums › Loans › How my EMI on SBI maxgain loan will be divided

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  • August 21, 2014 at 9:29 am #46967
    samkapoor77
    Keymaster

    I have borrowed a home loan of Rs. 35, 06,000 through SBI maxgain loan. If I introduce Rs. 4,00,000 in maxgain, then how the division of my EMI of Rs. 36,000 will be made towards interest and principal repayment?

    August 24, 2014 at 8:02 am #46968
    samkapoor77
    Keymaster

    In case of Maxgain, EMI is composed of principal, interest and OD account. One, this will increase your OD amount. Since you have repaid principal for Rs. 4,00,000, your interest payment will reduce, but the EMI amount will remain same.

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