Need A Financial Product Forums Loans What is the meaning of drawing power in SBI loan

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

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  • #47169

    I have borrowed home loan from SBI. Today, I have seen my loan account statement through net banking. Limit was Rs. 39, 00,000; drawing power was Rs. 37, 57,631 and outstanding amount was Rs. 33, 03,427. I couldn’t understand the meaning of drawing power here. Is it the loan amount that I need to repay?

    #47170

    Suraj Singh
    Member

    If your loan type is SBI max gain home loan, then drawing power is the actual amount that has to be repaid by you.

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