[Resolved]  HDFC Bank Ltd. — High Interest Rate (Floating) than Others

Address:

Ghaziabad, Uttar Pradesh

REFERENCE: HOUSING LOAN ACCOUNT NUMBER[protected].

It is submitted that after two months, on the on 6th June, 2012, I received an Email from HDFC Ltd. informing me that the interest rate for your loan at present is 11.5% effective from 01-Apr-12. The repayment tenure of your loan has stretched beyond the normal term of a loan. WE REQUEST YOUR IMMEDIATE ATTENTION IN THIS REGARD. One of the following actions from your side is recommended: Alter the EMI from Rs 8587/- to Rs 10,031/- OR Consider a part prepayment of the principal of Rs 1,27,000/- for 190 _ months ,keeping the EMI amount same OR Combination of options 1 & 2 depending upon your convenience.

Regarding this I posted a query on HDFC Web portal, but I did not received any communication in this regards.

Now, I request to the concerned authority, please see in to the case, and respond my query “Why HDFC Ltd. is charging high interest rate @11.5% in place of 10.50 effective from 01-Apr-2012 and informing me in June 2012?”

Regards

Ved Prakash
[protected]