[Resolved]  HSBC — It TAKES one month To close the small ticket Loan in HSBC

Hi,

I gOt Loan From HSBC BANK for RS 30000. with interest Rate Of 48.66% per annum(Reducing interest). Since the interest is very Huge, I decided To close This Loan After the Minimum period of Six months, When i contacted the branch for paying the Total Amount Of 24000(including 4% closure amount)..They said to wait for one more months to close the Loan.. i already Paid 7 EMI... They want me to pay One more EMI so that They Can get 1000 rs as interest.. Is this the code of ethics That Bank are Following... ?...For Loan Of 30000 I already paid 14000 as EMI still they deduct only 6500 as the principle amount.. Can any one tell me .what to do next...