I took a loan of 14000 for 3 months.
I month I made a late payment and they charged me huge amount.
This is what I wrote to them and they are not replying on this.......
"I understand the late payment but you have charged drastically very high.
Could you reduce 2000rs from what is reflecting as 12000.
I just took a loan of 14000 but I have been charged very heavy.
I have already paid 2 emi of 17000 total.
Now again you have made amount as 12000.
14000 was loan I got and you charged me 29000. It is unjustified and unacceptable.
Request you to intervene and respond with some resolution"
Don’t go for cheap companies. Rather take a loan from bank.