Legal Question in Banking Law in India
EMI Start Date
Situation - If term loan account opened on 01-01-2008 and disbursment done on 30-01-2008, loan period is 36 months.
Q1 - When first installment should
start?
Q2 - What will be loan due date?
Asked on 7/05/08, 8:20 am
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
Re: EMI Start Date
It depends upon the terms of sanction of the loan and the loan document executed by the borrower. Pl.look into the same and get the details. No use in throwing such inconsequential questions for answer in this forum unrelated to the documents executed by the borrower or the terms of sanction letter.
Answered on 7/05/08, 9:16 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: EMI Start Date
Do you think this is a legal question
Answered on 7/17/08, 4:38 am
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