Hello sharks, I have applied for Home loan from ICICI bank and its sanctioned. But now Bank is asking for 3 blank cheque without filling date and without cancelling the cheque. Is it good to give blank cheques ? If anyone has ever taken home loan may suggest me in this. Any help and suggestions will be appreciated. Thank you in advance HCL Technologies Nagarro Tata Consultancy Infosys Accenture Cognizant

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Ha dena padta at the time of disbursement.Aur jab tum pura loan clear kar doge wo return kar denge

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Athu sariyatto thaan paranjathu. Njan ethinodu yogikkunnu

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For any kind of loan banks will take them. Don't worry

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Yes, you have to. It's okay to give. But do take an acknowledgement from them that says you have given n number of cheques at this date and they are supposed to give it back to you post your loan is recovered.

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Yes, it's part of process, don't worry

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Don't give them, it's not a compulsion. Incase you miss emi's, banks will bounce those cheques and file criminal case.

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Approach other banks and inform the same to current one

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DID THEY ASK FOR SIGN?? IF UR DIRECTLY TAKING FROM BANK THEY U DON'T NEED TO WORRY

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Yes its directly from bank. And yes they asked to sign the cheque...

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It is normal in any bank while taking home loan

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Don't worry unless you want to do fraud with bank. This is the part of process. They will use these cheques if you bounce emi.

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I was not asked about blank cheque. Only shared cancelled cheques with them. I believe this happens when they have doubts that you don’t have much assets or nominees to clear your installments.
For my case, my salary was not an issue as per my loan and i did have other assets so they didn’t asked about any blank cheque.
Em aware of this process through hdfc.

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I had given cheque like this earlier. they use these cheques, if you default. But you should write the name of the bank as payee.

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