HDFC
Pre Payment panelty
- 03-06-2009
- 104
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??
Company: HDFC
Country: India