Need A Financial Product Forums Loans Is it right to increase SBI maxgain home loan EMI

This topic contains 1 reply, has 2 voices, and was last updated by  Nivedita 2 years, 3 months ago.

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  • #47081

    Nivedita
    Member

    I have a home loan of Rs. 50 lakhs under SBI max gain. My monthly EMI is Rs. 48,000. I am planning to increase my EMI from 48,000 to Rs. 60,000. Am I right in m decision ort should I deposit a particular amount of money monthly in maxgain account?

    #47082

    Sakharam
    Member

    It is advisable to deposit a particular amount of money monthly in your maxgain account as the money in it is withdrawable, so it will act like an emergency fund to you. Moreover, it will reduce your interest payments.

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