Ask Apnaloan
View Questions/Answers
| Posted On :- 29/11/2007 | |
| Question Asked :- | |
| I got allotment on BHS 2006 for 120sqm in Jan, 2007 under Greater Noida Ind. Authority(GNIDA). GNIDA has promised to give possession by 3 years of allotment and a clause in Form as not to give PTM to anyone before possession. LIC and HDFC were only banks to give loan in such case. I applied for a loan of Rs. 20 lakh from LIC at an interest rate of 8.75% for this property worth Rs. 22 lakh and received maximum 85% of it as Rs. 18, 70, 000 without any security which needs to be surrender after registry in terms of my house documents. I have following query: 1. My EMI is going according to Rs. 20 lakh and not received amount ie. Rs 18.7 lakh. Is it legal to charge for the amount I have not received yet. 2. LIC has said that they will give the remaining amount during registry. Am I applicable for the interest on the remaining amount? (Ajay Kumar) | |
| Answer :- | |
| It is not clear from your question whether you had opted for full EMI repayment or Pre-EMI repayment. If you have opted for full EMI repayment before possession of the property, it is right on the part of the bank to charge full EMI for the full loan amount even though only partial disbursement has happned. If the your agreement with the bank is for pre-EMI, then the bank should be charging interest only for the disbursed amount as pre-EMI. Please go through your loan agreement carefully. | |
| Bank grievance related query listing |
| << prev [ 1 ] 2 next Last>> | ||
| Qid | Question | |
| 11120 | I recently made a partial pre-payment towards my IDBI home loan a | |
| 11113 | I have taken a home loan from SBI of Rs. 700000/- on fixed rate i.e | |
| 10963 | hi,once the full payments are made to the credit card or personal | |
| 10863 | I took Home loan from IDBI Home finance in October 2007. They offe | |
| 10664 | My mother is senior citizen and owes a house by her name. We contac | |
| 10641 | I have a 43 Lacs Home Loan with HSBC. When I was sold the loan I wa | |
| 10609 | i am in debt of around 200000/- for credit card and my name is in d | |
| 10589 | i was setteled 4 credit cards ,due to some reason , my name is in | |
| 10587 | i had applied for edu loan in allahabad bank and the konnagar branc | |
| 10510 | Availed HOME loan from HDFC LTD. CHENNAI. Got initial disbursement | |
| 10072 | I signed as guarantor for my friend for auto loan and he defaulted | |
| 9635 | I had taken a credit card with SCB in 2002-03, which I closed out t | |
| 9618 | hi i am faiz wahab ,presently working in qatar i wish to avail a | |
| 9594 | Hello Sir, I took a consumer loan from ASF India (citi finance) i | |
| 9585 | hi, harsh ji, few days back i applied for a two wheeler loan and | |
| 9438 | I wish to bring out a company before you which is looting the consu | |
| 9277 | my name paresh Liladharbhai soni. my d.o.b.20-09-1971 | |
| 9273 | I just like to know that precloser charges which charge by all bank | |
| 8908 | I got pre-approved loan offer on my ICICI a/c & I accepted that | |
| 8812 | My excess debited Mly EMI for Personal loan was not refunded to me | |
| 8787 | My credit card appalications are getting declined where as I am not | |
| 8597 | How to get a credit report of mine from CIBIL?My personal loan appl | |
| 8542 | Sir, I have opted home loan for Rs. 6.7 Lacs from Finance , I wa | |
| 8508 | I had made a part payment of my home loan taken from Standard Chart | |
| 8473 | I FILED A LOAN APPLICATION TO PNB HOUSING FINANCE LTD. BUT NOW THE | |
| 8380 | shweta verma, DOB 01march79. I had applied for HSBC, Barclays and D | |
| 8275 | i took homeloan of rs. 600000/-from icici in 2001 at fixed rate. i | |
| 8117 | If I have some issues related to poor services from home loan compa | |
| 8015 | Can ING Vysya bank disburse 85% of home loan without the consent of | |
| 7982 | i have received a letter from the bank stating that i have an emi o | |
| 7980 | Is it possible.....That i receive letters from banks stating that u | |
| 7938 | we purchased a flat in a building 7 years old. There are total 6 f | |
| 7928 | Sir., I have taken a home loan in HDFC in the year 2003 under floa | |
| 7859 | dear sir, i would like to take loan in AXISBANK as my salary accou | |
| 7784 | IF THE CLAUSE OF PRE PAYMENT OF PENALTY HAS BEEN NOT MENTIONED IN | |
| 7753 | Dear sir, I m having an home loan [ac no lbagr 00001577859] in ici | |
| 7655 | I had take home loan from BHW on 26th January 2008. The bank agent | |
| 7465 | My father is self employed person. He has takan a personal loan of | |
| 7366 | I had a credit card from Amex for 4 yrs without a single default, w | |
| 7158 | I have taken home loan from ICICI bank in July'06. At that time ho | |
| 7157 | I had opened a current account with CITI Bank. The executive confir | |
| 6931 | Dear Sir I received a letter from HSBC for a Pre | |
| 6842 | I booked a flat in End 2005 and paid all installments as required. | |
| 6768 | I had received an ICICI bank credit card and an Add-On credit card | |
| 6709 | I am facing a problem with BHW. I had taken a home loan for Rs. 27 | |
| 6697 | City bank had recomended a property in Bangalore with a composite l | |
| 6686 | Ref: 15th October issue of Outlook Money topic "Is penalty on loan | |
| 6546 | I got allotment on BHS 2006 for 120sqm in Jan, 2007 under Greater N | |
| 6501 | I took a housing loan from Citi bank (a/c no 207353) through Apnalo | |
| 6495 | I have taken a home loan from SBI PBB branch in Delhi in last year. | |
| << prev [ 1 ] 2 next Last>> | ||
Smart Apply
| Indian NRI |
| STD Phone No Ext |
|
|
| Date of Birth |
| I have read the Privacy Policy and agree to the terms therein. |
 |
