[Resolved]  ICICI Home Finance — ICICI Home Loan - Pre-Closure

Sir,

My Loan Account number is LBHYD[protected].

I have taken a loan of 18 Lakhs from ICICI (Sep-2005). I have applied for pre-closure of my loan on 28-Mar. I have give two cheques for the amounts - 16, 15, 347 (from LIC Housing Finance Ltd) and another cheque of Rs. 10207 (My HDFC account ; towards the additional interest).

The second cheque (Rs.10207) was bounced due. And when I contacted ICICI (on 2-Apr), they have asked me to pay a total amount of Rs.12576
10207 ==> Outstanding interest

2148 ==> (4*537) 537 = Interest for a day
221 ==> Cheque bouncing charges

Shouldn't ICICI charge the interest only on the balance amount of Rs. 10207, as the other cheque was already cleared?

ICICI is saying that, since the loan was not closed completely, the interest would be charged on the full amount.

Is this justifiable?? How we I fight against this practice??