Need A Financial Product › Forums › Loans › Is it right to increase SBI maxgain home loan EMI

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  • August 27, 2014 at 9:43 pm #47081
    samkapoor77
    Keymaster

    I have a home loan of Rs. 50 lakhs under SBI max gain. My monthly EMI is Rs. 48,000. I am planning to increase my EMI from 48,000 to Rs. 60,000. Am I right in m decision ort should I deposit a particular amount of money monthly in maxgain account?

    September 1, 2014 at 12:22 am #47082
    samkapoor77
    Keymaster

    It is advisable to deposit a particular amount of money monthly in your maxgain account as the money in it is withdrawable, so it will act like an emergency fund to you. Moreover, it will reduce your interest payments.

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