Need A Financial Product Forums Loans Should I invest surplus amount in SBI Maxgain OD account

This topic contains 1 reply, has 2 voices, and was last updated by  Sudhir Trivedi 2 years, 11 months ago.

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  • #47239

    I have purchased builder flat for which I have taken a loan of Rs. 17, 50,000 from SBI maxgain. The property is under constructed and bank has disbursed only Rs. 4, 00,000 till now. I have paid 5 lakhs to builder from my own pocket apart from loan. Next installment to builder is due for Rs. 5 lakhs in next month which again I will be paying on my own. Will you suggest me to deposit surplus Rs. 3, 00,000 in OD account?

    #47240

    Deepak Patil
    Member

    No, since your loan is partially disbursed, you will not be allowed to withdraw from your account.

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