Hi all,

I have applied for Home loan to HDFC and ICICI simultaneously since the requested home loan amount is higher than what i am eligible for as i aleardy have car loan going.

ICICI has given me sanction letter with loan sanctioned to amount close to what i required.

HDFC has given me sanction letter for exact loan amount but with condition that i should forclose my car loan after first disbursal. HDFC also attached my father as co-applicant. ICICI has given me sanction letter before HDFC and deducted processing fee cheque from my account.

As already processing fee cheque deducted from my account by ICICI, which is non-refundable (mentioned in sanction letter), i had no other option to go with ICICI. However in the mean time HDFC has given me sanction letter. To be on safer side, i have stopped HDFC processing cheque with my banker. I have following question/doubts in my mind.

1. As i wanted to go with HDFC as its good bank, is there any way i can get processing fee back from ICICI.

2. Getting sanction letter from HDFC and not paying the processing fee, will it be call as ‘fraud’ and will it reflect on my CIBIL score?

3. Am I entitled to pay processing fee to HDFC if i have no other option than go with ICICI.

Please reply, i am in fix.

Thanks

Thanks and regards