HDFC limited
Home loan

I have taken a housing loan from HDFC as it is the most trusted bank. My loan Account no is

(581094048) However recently my trust in HDFC has been completely shattered due to the

following experience in the past one month. My current rate of interest is @ 12% while the

rate of interest applicable for new customers is 9.75% only. While other banks like SBI, LIC

etc have reduced their ROI in the recent time, HDFC has not reduced the same at par with

other banks.

I approached HDFC with a request to lower the prevailing ROI to which I was directed to go

for takeover. I was shocked because I have been an old customer of HDFC and have never

defaulted and even then such harsh words were told to me. I was told to pay the takeover

prepayment charge of 2%. I decided to go for takeover from LIC and have paid a processing

charge of Rs 7000 to them. Now when I am in the final stage of finalization of my loan

takeover with LIC, HDFC has again stabbed me from behind by increasing the prepayment charge

from 2% to 3%.

I am being pressed from all sides in this time of recession. What should i do now

shyam kumar Agrawal

Company: HDFC limited
Country: India

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