[Resolved]  IndiaBulls — Inappropriate rate of Interest on loans calculated

Website:

www.dhani.com

I had taken a loan amount of rupees 75000, from which I had received only 70380, after deducting 4620(process fee including tax -2646 + gap interest booking - 1274 + 700 stamp charges). They had mentioned the rate of interest is 31% for a tenure of 36 months.
Principle amount of loan taken - 75000
Interest(31% of[protected]
Total - 98250 tenure of 36 months
Every month instalment 98250/36 = 2729.16 Rupees but the company is charging 3226 every month for 36 month and total would be 116136. Which is the excess of 17886. The company is charging a huge amount on the consumers and looting the money with the irregular methods of calculation and misguiding the society stating the best online loan application. Request the concern authorities to look over my issue and resolve.