I borrowed personal loan from AXIS BANK. But the bank credited the amount to my account before two days of first EMI due date. I want to know is there are any guidelines for disbursement of loan and gap between the first EMI please provide some information. Also I have wrote to the nodal officer but don’t got any reply.
In all types of loans, the EMI starts from the following month of the loan disbursed month. But I am not sure why such rules not followed by your bank. Check for bank rules and also the forms you signed.