As per the loan application form and agreement, the tenure of loan was 24 months and flat interest rate was 28.72%. Recently I have taken a loan statement and in that its mentioned as loan tenure 30 months and interest rate calculating per month is above 50%.
Moratorium was only applied for April, May, July and Aug 2020. If this 4 months added in tenure, final tenure will 28 months only.
When I applied the loan, tenure was 24 months and installment end date was December 2021. But as per the recent statement, installment end date mentioned is Oct 2022.
I had taken a loan of 30, 000 for which the intrest that had to pay was 21, 000. But now Home Credit is charging me the intrest of 32, 000 for taking the 4 months moratorium which states that I am being charged 11, 000 of intrest for taking 4 months of EMI moratorium.
Also a Safe Pay Fee per Month – 180/- “ is debiting on each month EMI.
Loan number- [protected]
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