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Hey pal,
Part period interest is an interest charged by SBI. It will be deducted for the days from the date of disbursement of loan to the date when EMI starts. It is generally charged for the days remaining in between the date of disbursement of home loan, i.e. 19th of previous month and the date of EMI, i.e. 5th of the next month.
The part period interest is simply calculated based on the agreed upon interest rates by SBI.
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Prudhvi
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3 Year
2022-09-13T07:56:08+00:00 2023-08-09T12:39:48+00:00Comment
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