Citi Financial
Beware of citi financial

This is Mangal Singh from Gwalior I have borrowed the loan of Rs. 28000/- from citi financial they charged me following

Total Amount I got Rs. 26000/-

Repayment up to June 1350*12= 16200

Deducted for file charge Rs. -

Rate of interest 24.52%/ annum

Total payment balance Rs. 23100/- till June 9

I have paid Rs. 16200 but still they are asking for Rs. 23100/-.

They never cleared me at the time of taking the loan from their about the repayment scheme.

As told 24.52% per annum it is crossing 36% per annum including Rs. 2000 for file charge, Rs. 1000/- for VAT and other expenses as citi is showing.

Actual Amount of Loan 28000 Repayment up to June 16200

Deducted for file charge 2000 Balance at the end of the loan agreement 23100

Total Amount in hand 26000 Total with one year 39300

Please clear me why should I pay this amount of money and what kind of business model is it.

Regards

Mangal Singh

A/C No. 15301007

Company: Citi Financial
Country: India

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