When is interest applicable on home loan disbursement

Veerchandra B Shetty (Querist) 05 February 2019 This query is : Resolved
I had applied for a Balance transfer and Top up loan at DHFL in the month of Aug. 2018. My existing loan was at NKGSB. On 18th Sep I was informed that the loan has been approved and so on 19th Sep. I requested them to release the Balance transfer in favour of NKGSB. DHFL handed me a cheque of Rs, 252765/- in favour of NKGSB on 5/10/2018. But the cheque was dated 20/9/2018. IN a weeks time I handed over the property documents received from NKGSB to DHFL. However DHFL informed that no further disbursement is being made by DHFL due to financial crisis and asked me to look out for other option. IN fact they gave my data to some other DSA who came to me for transferring the loan from DHFL to other bank. However on 17/11/2018 I was informed by DHFL that since my top up loan was below 15 lakhs, my amount is being disbursed. So the Topup amount of Rs. 1000000/- (Ten Lakhs) was disbursed on 19/11/2018. Issue is DHFL is charging me interest from 20/9/18 stating that my case was booked on that day. Since I had given them some PDC they deposited EMI amount in the month of Oct'18 and also pre emi interest for the month of Sep'18 has been debited, even when the amount of TOP UP loan was not disbursed by them. So, I need to know from when do I have to pay interest and from which month my EMI should start and the period of pre EMI interest applicable on both the amount.

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H.M.Patnaik (Expert) 06 February 2019
Hi Veerchandra,
Have you received a Sanction letter from DHFL / Copy of any correspondence by DHFL to NKGSB at the time of issuing cheque towards take over amount? Unless , you collect terms of sanction and post the same in the portal, it will not be possible to render proper advice.