Wednesday, March 18, 2020

sbi maxgain - points and pointers



SBI maxgain loan - helpful links

https://www.cnbctv18.com/personal-finance/things-to-keep-in-mind-if-you-have-taken-sbi-maxgain-loan-3674571.htm

https://www.basunivesh.com/2015/04/07/all-about-sbi-maxgain-home-loan-scheme-features-and-benefits/

  • interest saved is interest gained.
    • returns are much better than FD and highly liquid-able.

Drawing power -> is outstanding balance. actual outstanding balance.

Available balance -> excess amount parked

Book balance -> actual outstanding balance - excess amount parked

Book balance should *NOT* be positive. You gain only when it is "Negative".

No need to park amount more than *outstanding balance*.(Drawing power here). 

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