https://www.desidime.com/comments/permalink/10393138
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URGENT - SBI NC EMI Cancellation Help Needed
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Sorry for creating this topic.
I Purchased fridge on 2-Oct via SBI credit card NC EMI. Charge entry appeared on SBI CC account on 4-Oct (below).
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.Amazon order Payment breakdown:
Invoice PDF:
- How much do I need to pay if I want to foreclose this EMI?
- How much charges will I incur if I pre-pay now (forgot to pre-pay / foreclose earlier)
- How much could I have saved if I fore-closed on 3-Oct?
Deal Wiki
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Created by : Budhe-Baba
Update 1: 9-Oct : Fridge received was damaged, hence returned. But on 8-Oct I had pre-paid entire outstanding (including principal+ interest components). EMI has been generated also. Now just waiting for next steps.
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https://www.desidime.com/comments/permalink/10393218
So pre-paying is still better than EMI right? I mean I will pay 900 as foreclosure charges, instead of 2048 over period of 9 months?
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https://www.desidime.com/comments/permalink/10394950
Explain in detail, your screenshot explains nothing, what was transaction date, what was emi conversion date and when the prepayment was made
https://www.desidime.com/comments/permalink/10394382
3% fcr fee on left out principal+gst + accrued interest+gst till date when you are foreclosing the emi
https://www.desidime.com/comments/permalink/10394409
So how much to pay basis my screenshot above?
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https://www.desidime.com/comments/permalink/10394384
nhi hogi cancel once emi generated...only product cancellation and full refund can lead to emi cancellation now
https://www.desidime.com/comments/permalink/10394413
So should I cancel the product, is also one of my question?
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https://www.desidime.com/comments/permalink/10395173
A 3% foreclosure fee will be applied to the outstanding amount.
You Can call customer call and simply ask for EMI Closure.
https://www.desidime.com/comments/permalink/10401568
CALL TO 1860 180 1290 custoemr care and ask for closure charges.
and rembmer - dont do EMI with SBI . ITs totally worst experiance.
At zero cost charges I am always cancel axis, ICICI , HDFC EMI and but now SBI is taking chanrges of 3% + 18% GST>
I am also facing same problem with SBI credit cared .
Even if you cancel product or return product then also you have to pay GST + charges 3%.
Thats the worst case which i got confiramtion from cusotmer care
https://www.desidime.com/comments/permalink/10404487
Anybody who could help me with No cost EMI foreclosure of SBI Credit Card? Their customer care is creating confusion alot
https://www.desidime.com/comments/permalink/10407595
foreclosure will charge 3%+gst on remaining principal amount and accrued interest+gst from last statement date/emi conversion date whichever comes last to foreclosure date
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1. It will cost around Rs.900 for foreclosure.
2. Pre-pay is irrelevant to the EMI now.
3.1736*118% = Rs.2048. This amount will be charged over next 9 months in total.