HDFC
Home Loans

I have taken a 2 loan totalling 3 lacs from HDFC for an interest rate of 7.5 to 8% . Accordingly I had signed an agreement with HDFC for a monthly EMI of Rs.2868/-

Till date I have paid the said EMI of Rs.2868/- without fail.

But when inflation increased from 5 to 15, HDFC had increased their interest rate to 13% from 8%.

Later inflation reached deflation of -2% from 15%, still HDFC did not reverse their increased interest rate from 15% .

Earlier HDFC had increased interest rate to all their customers, therefore I paid the increased difference.

Now MY COMPLAINT :

HDFC splits their customers into two 1) Old 2) New

For new customers they have reduced interest rates back to 8 to 8.75% whereas they insists old customers to pay 13% interest rates. WHY?

THIS SHOULD BE STOPPED IMMEDIATELY, INTEREST RATES SHOULD BE TO ALL HDFC CUSTOMERS IRRESPECTIVE OF OLD AND NEW .

REQUEST YOUR INTERVENTION IN THIS MATTER.