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ICICI Home Loan - Disburse Loan before agreement and mortaging the property

 
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  Gireesh Sharma
Hi
I have applied for home loan from ICICI bank for 29 Lacs.

Which was approved after approval the documnet for Disbusment was signed by me before disbusrsmnet without any date and assured that the Disbursment will happen once registration of my flat will happen.

I have done registration of my flat on 12 of October.

After that i come to know that disbusrsemet check has been issued on 30 september without registration and Mortgaging the property.

This was done to include the disbusment in the September Sell targets of Sales Manager.
When I raised this with them that without registration how they can issue check.

then they offer me the amount of interest of 12 days .

I want to know following things

How Bank can issue a check/DD without Mortgaging the property.
Why should I pay the interest for the days which i have not utilize.


Now I have taken Loan from AXIS bank.

I have wriiten to Durgadas Sabal to cancel my loan on 14th Oct.
So I will not pay any interest on that money.
Because I cant do the banking with such a bank where employees can do any thing to fulffiling there sells targets.

I have the Photocopy of documnets which dont have Date,which was taken from Me.
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    ICICI Home Loan - Disburse Loan before agreement and mortaging the property