[Resolved]  DHFL Home Loan — rate of interest increased

Address:

Delhi

Dear Friends,
Never take home loan from DHFL as they just increase loan as per RBI but never reduce it while RBI is reducing the rate. I took loan in 2010 at 8.5% but as you know that after 2010 rate of interest was increasing regularly (when RBI revised rate). My loan is now at 11.5%. Whenever RBI reduce rate by 0.5 point or 0.25, DHFL never do the same. When i asked him why they have not reduced my rate of interest they told me that they can not do this. But when i asked him if interest rate will increase by ant point will they will increase their rate of interest and his answer was YES. So do not take loan from DHFL. As they know only to incrase rate of interest whenever RBI increase this. But they do not know to decrease it. They very frankly says you can get transfer of your remaining loan in other bank, but they will not reduce rate of interest.