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House Owner (Software engineer)     28 September 2013

When can one charge pre emi?

Dear Sir,

Can a housing finance institue with whom I have applied for loan to purchase the plot, charge EMI even BEFORE the SALE DEED is executed?

If Yes, what happens for some reason I cancell my SALE AGREEMENT.

If institution is not authorized to charge PRE EMI before any disbursement, what steps I can take as a customer?

 

Thanks



Learning

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