Need A Financial Product › Forums › Loans › Which amount to pay ? drawing power or outstanding amount

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  • October 17, 2014 at 7:05 am #47956
    samkapoor77
    Keymaster

    My SBI max gain home loan account statement reflects Rs. 25, 21,026 as the value for drawing power and Rs. 23, 05,322 as the value for outstanding amount. I am unable to understand as to which amount I am required to pay to off set my loan completely. Need your help in understanding this.

    October 19, 2014 at 2:31 am #47957
    samkapoor77
    Keymaster

    Drawing power actually reflects the amount that is outstanding to be paid by you on a particular date. Therefore, you have to pay Rs. 23, 05,322 to close your home loan account with SBI max gain.

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