Subject: EMI Cheaters
My Name: Sri Ragavendra Babu
My City: Chengalpattu
My Complaint Against: SBI Credit card
Complaint Category: Banks Complaints
Claim Amount (Approx.):
My Complaint Description:
Credit card no: 4687 4360 7416 7253
I recently changed my purchase into flexipay and i have toldby your representative that the rate of interest is 14.5% and the same is mentioned in the online banking also.
If you calculate the rate of interest the amount of 32900 with 14.5% interest and EMI will be 1587 + Tax for 24 months and total EMI will come around 5198 + Tax.
But your calculation is different , you have special interest for SBI.
But if i go with your calculation then total interest will be 9532+ Tax, how bad you are cheating the customers
Loan ID: 1-4722715324
22-Jan-2016 Rs.32,900 for 24 months @ 14.5% p.a. Rs. 32,900
Final EMI Date