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, 4 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #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?


    Suraj Singh

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

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.