HDFC - Home Loan
Interst rate for existing custome

Sir,

In this un-precendent tough time of macro economic situation HDFC as well as Govt is hardly

doing any thing sensitive for the fellow country men. Particularly on their tax paid money Govt as well as HDFC exist.

In this tough time also HDFC is charging 13% on topup loan. despite of signals form govt they have not listened and kept the rate high. Also just to show they will cut the rate by small ammount and some time they cheat the people by passing this benfit to only new customer. Can I ask then what the floating rate means?

When inflation rate was increasing then they immediately increased the rate by large amount but when it has come down they are showing reluctance in bring down the rate and also they are acting smart by announcing the cut but passing it to only new customer.

I suggest strong action needs to be taken agianst these private bankers so that they become sensitive to GOVT instructions as well as to fellow contry man.

Thanks

Prashant Anand