Query on BOB EMI foreclosure

35°
Deal Cadet
pjain2712
There is Bank of Baroda credit card EMI instant discount offer that I want to avail but want to know if I opt for EMI and then raise request to cancel, will there be any charges applicable? 
Expired
4 Comments  |  
3 Dimers
  • Sort By
Deal Subedar Deal Subedar
Link Copied

Place your steps very carefully. I Forclosed Onecard EMI after thrashing my head for a month. Read each hidden term thoroughly and calculate EMI GST carefully. 

Simple rule - Bank offers their EMI instant discount for an apparent reason; for interest profit. They don't want your capital to be paid early but with maximum installments with interest. So, they'll make sure to make foreclosure as beneficial as possible.

Deal Subedar Deal Subedar
Link Copied

You can cancel by emailing them, if they charge u anything u can raise complaint to reverse them

Deal Cadet Deal Cadet
Link Copied
Tjs15 wrote:

You can cancel by emailing them, if they charge u anything u can raise complaint to reverse them

Have you tried anytime? how is the experience?
Deal Subedar Deal Subedar
Link Copied
Expand
pjain2712 wrote:
Have you tried anytime? how is the experience?

I had done this last year in July. Their customer service is not that prompt. It takes 2-3 weeks total during which one of my emi was already due and paid

replyuser
Click here to reply
Reply