I have taken personal loan from citibank of Rs. 160000 & 20000 on credit card basis. i am already paying the monthly emi regularly since last one year. So what actually they are doing that they are showing this emi as a purchase transaction and suppose if I am making minimum payment due then they are charging second time interest on that loan also.So I just made a call to them so they are telling me that suppose if you are making minimum payment then we will consider your emi also as your purchase and again intrest will be charged on that emi. So I have just asked them to send me a letter of bifurgation of interest charges. So I just wanted to know that whether bank can charge interest twice on one loan or not.And if not what I shall do now? Awaiting for ur reply sir.My emial id is ezee_solution@yahoo.com.
