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Jeet (Computer Operator)     23 January 2012

Credit card

Sir,

 

I came to settlment process for paying the outstanding amount in equal installments of 12 months

The bank people said they would be charging the interest for the amounts paid more than 3 installments.

I want to know that what is the percentage of interest chaged for paying the amount after settlement in equal installments (12 months)

 



Learning

 1 Replies

Sanjeev (Lawyer)     23 January 2012

the credit card outstanding are charged approximately @  30% per annum depends on the current prevailing rates that the bank can confirm.


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