FOUR YEARS BACK I WAS DUMPED WITH SBI CR. CARD.tHEN ITS ANNUAL FEE WAS SMALL.YEAR AFTER YEAR THEY WENT ON JACKING IT UP.IN THE SMALL PRINT ON BACK SIDE, NONE NOTICES THEIR JACKUPS.SUDDENLY, YOU RECEIVE A DEBIT FOR THIS HIGH AMOUNT. WELL, IT IS ONLY A SMALL PART. ONCE I HAPPENED TO RECEIVE A TELE-OFFER FROM SBI CARD CHENNAI SAYING,I HAVE BEEN SELECTED FOR RELEASE OF 54K LOAN REPAYABLE IN EMIs UPTO 48 MONTHS.I AM ONE ALWAYS TO BE IN MY LIMITS,HATING TO BORROW FROM ANY ONE EVEN IN EMERGENCIES. THE SBICARD CALLER OFFERED LOAN AT NOMINAL 10PC/PA,NO HIDDEN CHARGES.FORE CLOSURE WOULD ATTRACT ONLY 2PC.INTEREST ON BALANCE LOAN REPAYABLE. I THOUGHT I COULD PUT THIS OFFERED LOAN FOR A PROFITABLE USE. I ASKED FOR 46K ONLY REPAYABLE IN 36 EMIs. TO MY SURPRISE, THE LOAN CHEQUE WAS SENT TO ME AFTER THE USUAL MONTHLY STATEMENT IN WHICH, THE EMI 1000 AS PROCESSING FEE WAS INCLUDED. EMI WAS CALCULATED AS 36TH PART OF LOAN 3 YRS. INTEREST FLAT, THAT IS 30%.IT TOOK 6 MONTHS TO GET CREDIT FOR THE NOT-AGREED PROCESSING FEE. cREDIT FOR THIS FEE WAS RELEASED IN 3 INSTALMENTS.BUT, I WAS BEING ASKED TO PAY THE BILLED AMOUNT WHENEVER I COULD GET THEM ON PHONE. I USED TO OBLIGE. AS A RESULT,THE TOTAL MONTHLY DUES USED TO BE ALWAYS MUCH LESS THAN THE EMI DUE, BUT THEY USED TO INSIST ON PAYING THE EMI IN FULL.ONCE, I DELIBERATELY PAID 11 PAISE LESS FOR THE EMI BECAUSE,I WAS DUE TO GET FROM THEM MORE THAN RS.1100 DUE TO SOME THIRD PARTY CREDITS TO ME IN MY SBI CARD. THE CARD STATEMENT ACKNOWLEDGED THI
