SBI Credit Card Complaint – EMI Cheaters

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:
Hello SBI,

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
EMIs (Rs.)
1,768 p.m.
Final EMI Date

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