Need A Financial Product Forums Loans Why the drawing power in SBI maxgain loan as reduced

This topic contains 1 reply, has 2 voices, and was last updated by  Mita Bhosle 2 years, 1 month ago.

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  • #48234

    Mita Bhosle
    Member

    I have recently borrowed home loan from SBI under max gain. Loan amount is Rs. 20 lakhs out of which Rs. 16 lakhs have been disbursed to me. I checked my online loan account statement. It shows that my drawing power is Rs. 19, 76,000. I don’t understand why this drawing power has reduced. Please tell me is it correct or not?

    #48235

    Nilesh Shah
    Member

    Out of Rs. 16 lakhs disbursed, you have already repaid Rs. 24,000. Rs. 15,76,000 plus Rs. 4 lakhs that has not been disbursed till yet equals to Rs. 19, 76,000 which is your drawing power.

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