I have applied for home loan with Birla home Finance. He has taken the processing fee in advance as well as interest for one day menitioning that the loan is disbursed in his records on 30th November but there are legal clearance that is pending and hence the cheque could not be given to the builder and the bank is expecting me to pay the first emi on the 20th stating that loan has been disbursed in the system. Can i bank charge the emi without disbursing the loan. Can someone advise what i can i do in this case.
