HDFC is is resorting to unfair trade practices by making it unviable to switch loan portfolios by increasing penalty on foreclosre rates.
This is by far the worst private sector housing bank based on this single action. Instead of competing fairly on interest rates based on free market economics thet have now resorted to un-ethical practices.
Is there no way for us to stop HDFC bank? Cannot this complaint be taken suo moto by RBI so that this practice of HDFC can be curtailed.
Please take my advice - NEVER DEAL WITH HDFC. Be it their constant hiking of interest rates/EMI on floating rates & not reducing it at the same pace when the rates reduced along with this latest case of unfair trade practice should be reason enough.
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