BAJAJ FINANCE /PERSONAL LOAN
VERY HAVY INTEREST RATE

I HAVE GET RS 60000 (SIXTY THOUSAND) PERSONAL LOAN PERSONAL LOAN FROM FINANCE CO . BAJAJ FINANCE CHARGED ME RS 2869/- EMI FOR 36 MONTHS.I HAVE TO PAY RS 103284/- FOR 60000/-. SO INTEREST IS 103284-60000=43284/- IT IS 72.14% INTEREST RATE (43284x100 / 60000)

SO MY COMPLAIN IS HERE BELOW:-

1. IS RBI ALLOW ANY FINANCIAL CO TO CHARGE 72.14% INTEREST?

2. IS IT LEGAL TO CHARGE RS 43284/- INTEREST FOR PRINCIPAL AMOUNT OF RS 60000/-

3. I AM PAYING RS.2869/-EMI (RS1666.66 PRINCIPAL AMOUNT RS.1202.33 INTEREST AMOUNT)

IS IT LEGAL TO CHARGE ABOVE CALCULATED EMI (1666.66 1202.33=2869)

4. RS 2869/-EMI x36 MONTHS= RS103284/- SO RS 43284 INTREST ON RS 60000/- IT IS VERY HAVY

RATE 72.14% I WANT REQUEST TO NOTE MY COMPLAIN. RBI SHOULD NOTE THE CALCULATION THANKS WITH REGARDS.