The Pre-payment panelty is not clearly mentioned in the agreement at time of disbutsement of Loan.
The orally communicated panelty was 2%. but now suddely increased to 3%.
HDFC offers 4.75 percent discount (rate of intreste = 9.25%) to new customer and old customer they loot by charging as high as 11.75%.
What is the way out? Is there any govt. body to control such imbalance??
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