I have availed home loan from Axix bank, Nasik and my home loan a/c No. is given above.
My loan was sanctioned on[protected] on the basis of submission of original agreement to sell and other relevent papers and an amount of Rs. 197546/- was disbursed to me on[protected] through two payorders/cheques and the third pay order/cheque of Rs.337454/- was disbursed to me on[protected], the day sale deed was executed and handed over to the bank.
However to my surprise, the bank charged Pre EMI interest on my Total amount of loan i.e 5, 35, 000/- from[protected].
Axix Bank Nasik has replied to my letter saying that disbursement request was given by me on[protected], and therefore Pre EMI interest is charged from that date. It has also accepted that the pay orders were dusbursed to me on[protected] and[protected]. Here I wish to say that I have paid the processing fees to the bank for my loan and if the loan was sanctioned on[protected]. that means the bank authorities were satisfied with the documents submitted by me till[protected] and then only my loan account was opened/sanctioned. Then the pay orders for my total amount as per my request should have been handed over to me on[protected] but in its reply the bank also says that since the bank needs security i.e Sale Deed Copy which was executed on[protected], it did noyt hand over the third pay order before that.
The bank has charged excess Pre EMI amount from[protected], whereaas it shoud have charged the same from[protected] for Rs. 197546/- and for Rs. 337454/- from[protected] and I therefore request the bank to refund the excess amount charged from me.
Looking forward for the positive reply from the bank. Was this information helpful? | 
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