[Resolved]  State Bank of India — mis calculation of loan foreclosure amount

dear sir,
i have taken a encash loan from sbi card 14 months back for 48 months @22% flat interest rate,and the E.M.I was 1567,and now when i want to close the loan i asked them about the final foreclosure amount they told me arround 35500 with foreclosure charges at 3% on ramaining principal amount..which is not correct...see below my calculation.....
total emi [protected]@1567 each which amounts to 21938
total interest on 40000 for 14 months @22% flat rate is coming to 10266
so total amount paid by me 21938-total interest for 14 months 10266=11672
this 11672 is to be adjusted from the principal 40000,which equals to =28328,
now this should be foreclosure amount28328 + 3% foreclosure charge(850),so according to the real calculation the FINAL FORECLOSURE AMOUNT SHOULD BE
28328+850=29178

BUT the credit card company is forcing me to pay around 35500 which is not genuine....


there fore i request your good self to kindly inquire into the matter and take necessary action against the SBI CARD, and give me JUSTICE......
THE DETAILS OF MY CREDIT CARD AS FOLLOWS...

CARD NO [protected]
CARD EXPIRY DATE 02/2012
NAME :ANAND KUMAR SHARMA
MOBILE NO [protected]
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Aug 14, 2020
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