Barkley Finance
Without any reason they charged Extra Interest Rate at the time of fore close

From: Naresh Bhardwaj [mailto: [email protected]]

Sent: Saturday, October 22 10:31 AM

To: 'Rajan, Rajimol: Barclays Finance (Contractual)'

Subject: RE: NARESH_BHARDWAJ (1). XLS

As per your calculation schedule is below:

Up to 03.04.2011 Intt paid Rs. 145/-

Upto 03.05.2011 Intt. Paid Rs. 1454.92

Upto 03.06.2011 Intt Paid Rs. 1423.65

Upto 03.07.2011 Intt. Paid Rs. 1391.94

Upto 03.08.2011 Intt. Paid Rs. 1359.78

Upto 03.09.2011 Intt. Paid Rs. 1327.17

Upto 03.10.2011 Intt. Paid Rs. 1294.09

How to calculate the interest amount of Rs. 1300/- up to full and final settlement dated 20.10. according to your excel sheet I had already paid to your Ghazipur Branch. If I settle the amount in Oct.2011 how you can charge the interest amount of Nov & Dec.

As per accounting law interest Amount will be calculated on outstanding principal amount from last installment paid date to full and final settlement date only, If you collect Interest amount by force from customer end without any reason, it may be very difficult to your financial organization, hence again I request you to please re- calculate the interest amount as according to the above date, And if I had paid excess, it will reimburse to me without delaying.

As per my calculation Interest amount should be Rs. 702/- only, your calculation which are given below is totally wrong.

In failing which we have no option to take the legal opinion.

From: Rajan, Rajimol: Barclays Finance (Contractual) [mailto: [email protected]]

Sent: Friday, October 21 8:07 PM

To: Naresh Bhardwaj

Subject: RE: NARESH_BHARDWAJ (1). XLS

Dear Sir,

Please find the calculation below.

Interest Component of Installment (Month of NOV) Rs. 1260.54

Interest Component of Installment (Month of DEC) Rs. 1226.52 (Only For 2 Days)

1260.54 Month of Nov

79.13 Month of Dec

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Total BPI till 05th Nov 1339.67