[Resolved]  DHFL — First EMI of my loan just after 5 days of loan disbursment

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Bangalore, Karnataka

Hi, I took a housing loan from DHFL and my loan was disbursed without a confirmation on 28/02/2014 and I had my registration on 05/03/2014, so I was forced to agree upon the disbursal date. The point here is I had to pay my first EMI on 10/03/2014, that is hardly just 10 days from my loan disbursal and 5 days from the handover of cheque to the seller. I was informed about this only on 01/03/2014 (about the loan disbursed and the 1st EMI) and they plotted this to the end so that I couldn't have other option at all. Loan Amount: 30.81 lacs 1st EMI on 10/03/2014: 40K Loan Account no: JAY/HOUSIN/IN/013879 I was not informed anything about this while applying and also the hidden charges like some safety insurance (apart from regular insurance) and high processing fee. They were lot hidden with the policies and are not explained in detail while submitting the application. Generally for a Personal or other loans that I have availed, I was asked to pay my 1st EMI only after 30 days, DHFL has made me pay my first EMI in just 5days, request to check if this is as per RBI policy and NOW I AM THINKING OF TRANSFERING MY LOAN TO OTHER BANKS.