I have taken a loan on credit card.
At the time of loan approval on telephone by telemarketing executive told me that for 1 Lakh rupees loan & tenure of 36 months my EMI will be Rs 3361/- per month.
And I accepted for that.
Later when my first installament statement came to me the split up was follows
EMI principle = 2341.39
EMI Interest = 1019.72
Service tax on Int. = 124.81
Total = 3485.92
So every month i need to pay Rs 124.81 more as a service tax which was not told to me earlier at the time of loan approval. When you say EMI it should include everything, which is not seen in above case. Can somebody tell me where I should make a complaintagainst this as Bank is not responding properly.
Thanks
that's the big problem with
that's the big problem with credit cards. and that's exactly why i haven't taken one out myself. i think the temptation of using it would be so high if i ever have one.