Date of Disbursment of Loan and Broken Period Interest

POSTED BY Amit_Jha ON September 5, 2014 4:25 pm NO COMMENTS

Hi All.

I have taken a Home Loan from LICHFL. Below is the timeline.

Date of issue of Cheque-2oth Aug,

Cheque is given to LICHFL Advocate-26th Aug-

Date of registration of property and cheque is given to seller-28th Aug-

Date of realization of chque-Seller A/c  credited-31th Aug-,

It means the Loan amount is actually debited on 31st Aug from LICHFL  a/c  and Credited to seller a/c.

But LICHFL is charging Broken period Interest from 26th Aug itself. Is it fair?. I request to all member please share your experiance regarding broken period interest.  thanks

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today