Need A Financial Product › Forums › Loans › Will EMI reduce if I park funds in OD account › Will-EMI-reduce-if-I-park-funds-in-OD-account_REPLY
August 31, 2014 at 7:19 am
#47112
samkapoor77Keymaster
By parking additional funds, the interest amount payable to the bank that you will save now will be credited to your OD account. Your EMI, principal amount and tenure of loan will remain same. Since your loan is not completely disbursed, remember that SBI will not allow you to withdraw excess amount till the loan gets fully disbursed.