V Shetty
Asked February 13, 2019

New question

  • 1 Answer

I had applied for a balance transfer plus top up for home loan at DHFL in Aug 2018. On 19th Sep 2018 I was informed that my home loan has been sanctioned. I asked them to disburse the same. DHFL handed me the cheque for balance transfer on 5th Oct 2018 in favour of existing bank(NKGSB) but the cheque was dated 20/9/2018. Subsequently I was informed that the Top loan cannot be disbursed as DHFL is facing some financial crisis and asked me to look out for other options and they themselves gave my data to some other DSA. However on 19th November DHFL disbursed the top up amount and credited to my account. Issue is DHFL is charging interest on the toal amount from 20th Sep. 2018 stating that the case was booked on that date and they have already cleared the pre EMI and EMI cheques for the month of Sep. and Oct 2018. So I would like to know from when interest is payable on both the accounts and both the amounts have been handed over to me on separate dates.

Answer 1

From the date of Disbursal and amount credited to your A/c

Agree Comment 0 Agrees over 2 years ago
  • Default avatar
    V Shetty
    Sir, In the above case the cheque was prepared by the Bank on 20/9/2018 but handed over to me on 05/10/2018 and the Top Up amount was directly credited to my account on 19/11/2018. So accordingly what should be the date from when interest can be charged on the said amounts ?
    Agree 0 Agrees over 2 years ago

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