POSTED BY September 5, 2014 4:25 pm NO COMMENTSON
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