[Resolved]  State Bank of India — EXCESS OF RS 38000 SHOWN IN LOAN ACCOUNT

Housing Loan — SHOWN HOUSING LOAN

My Member Id. is 63161105 & control number is 43,83,54,190 in my cibil report shown housing loan of Rs.200000 opened date[protected] & current balance is 3,981.This loan is not availed by me.please clarify it as soon as possible &send it revert at my mail id rajb.[protected]@yahoo com

Quoting 243 May 12

The Branch Manager
Wodehouse Road, Lalit Building,
Nathalal Parekh Margnear,
Badhwar Park, Colaba,
Mumbai- 400001

ERRONEOUS DEBIT OF EMI FOR
(SBI HOME LOAN ACC. NO. [protected])


1. I have the honour to state the following:-

(a) Background I have Home loan account (SBI Home Acc. No. [protected]) RACPC Bandra kurla complex Branch to purchase a house (01 BHK - 485 Sq Ft) in Mira Road for a take over case property. I have applied to an amount of loan for Rupees 19, 20, 000.00 (Nineteen lakh Twenty Thousand only). However, during the documentation at BKC I have shown the proof of payment to seller for amount of Rupees 70, 000 (Rupees Seventy Thousand only) to Mrs Mamta (cubicle no 7) She told me that the your payment is accounted by me and for the next disbursement of cheque and EMI will be deducted on the recent payment. Therefore, ideally my loan amounts to 18, 50, 000 (19, 20, 000-70, 000) which I understand is also present sanction limit.

(b) Disbursement . My first disbursement for the loan amount was a cheque of amount Rs 14, 16, 056.00 (Fourteen Lakh Sixteen Thousand Fifty Six only) on 25 April 2012. And the remaining amount of Rs 4, 33, 944.00 (18, 50, 000-14, 16, 056) was to be disbursed to the seller after the receipt of the chain of documents from the seller which was mortgaged by his home finance (Home Blue Finance ltd).

(c) EMI through ECS. I have applied for the ECS cycle of 03rd of every month for the loan amount admissible to me. Therefore, my first EMI was deducted on 03 May 12 for a loan amount of Rs 19, 20, 000.00 that amounts to 18, 129.00.








2. In view of the above I would like to submit the following:-

(a) My amount of loan requested from SBI reduces to 18, 50, 000.00 (Eighteen lakh fifty thousand and does not remain 19, 20, 000.00. Hence, the amount of EMI
should have been reduced and should not have remained same amounting to 18, 129 which is an EMI for 19, 20, 000.

(b) I have been disbursed with a cheque on 25 Apr 12 which is 5 days before the month ends. However, I was charged for full month EMI. Ideally the EMI for only five days should have been charged.

3. In view of the aforesaid, I request the SBI to recalculate EMI for my home loan amount considering my payment of 18, 129 which is an advance EMI. So I understand the calculation on EMI is to be on the amount of 18, 31, 871.00 [19, 20, 000-(70, 000+18, 129)]. Also, I am willing to pay for the pre – EMI charges for the five days (from 25-30 Apr 12) which I had not been included icalculateon of EMI.

4. I would also like to further bring out that for the take over case where the bank in not able to disburse the full amount as per santion amount and has to depend upon the release of chain of documents the EMI should be charged on disbursed amount and not the sanction amount. It is my request that please consider my case for deduction in EMI for the payment made/charged to me and not for reduction in the period for loan amount.

I Ahivaran lal serving in Indian Navy and taken loan from your Fort branch, an amount 1306010.00 as defence salary account decided discount not given to me for that I approached in Fort branch but they are not agree to submit my request for solution.