[Resolved]  Bajaj Finserve — roi of interest change without my knowledge

Address:

Jaipur, Rajasthan, 302017

My loan was sactioned 59000 at 19.69% flat roi for 3 years. After 23 moth i want to go for forecloser. When i raised the request with bajaj finserve. So, they sent repatment schedule letter there is mentioned my roi is reducing at 33.01% and still after 23 month i have to pay inr 28129.00 principle amount for forecloser. I surprised and shocked about the details. When i calculated the details and same checked on loan term sheet there is mentioned both the roi 19.69% and 33.01%. Which is should not be. As per 19.69% flat roi i should be pay as per th following calculation.

Yearely interest on your loan amount = loan amount * roi / 100= 59, 000 *19.60/100 = 11564
3 years interest = yearely interest 11564 * 3 = 34692

Total have to pay = 93, 692.00

For one year have to pay = 31, 230.66
For foreclosure before one year should be pay only = 19666.66

Why i pay 28129 for foreclosure.