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HDFC Home Loan |
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21 Reviews
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Yusuff 
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Charged Processing fee before Home loan got sanctioned and now HDFC has not sanctioned loan neither re-paying my money.
Hi,
HDFC has started processing my home loan in January and asked me to fill the form 3 times due to some reasons saying some or the other things are missing.
They charged me money for processing HDFC loan and never processed my loan.
Now HDFC refuses to re-pay my processing fee money.
Thanks,
Yusuff
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 20 Comments |
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HDFC Home Loan
Apply For Home load But I Have Problem In My Salary Certificate Is Not Pvt Ltd It’s Proprietor So Your Bank Is Rejected Pleas Help Me & Call Me
My Mobile +919824020027
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HDFC Home loan = Fraud, Cheat, Robbery. They take away the processing fee and deceive you
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DO NOT GO FOR HDFC HOME LOAN. SALA CHOOR HAIN. BIG THEIF. INCREAST CLOSING CHANRGE FROM 2 % to 3 % without any press realease.
What ever from last 3 years I gave is Totally Intrest NO Principle Deduct.
THEY ARE BIG COOOOOOOOOOOOOOOOOOOOOR.
Take Loan from Nationalize Bank Only.
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Some of the advocates want to cash on any problem that are before the world .. you cannot blame them ...they need to survive in as much as any body want to.. In any problem, very very few of the professionals (not all) see colour of easy money, putting people into litigation.. Courts are already burdened with so many lakhs of cases and they abhor all frivilous and vexatious suits.. Even our CJI of India has observed that Advocates have their responsiblity in guiding every citizen of India in this process in as much to mitigate every other problem. So that delvery of justice is not stiffled with numerous vexatious cases.. In this regards bodies like National legal Services Authority and State legal Services Authority are doing an yeomen service in reducing the burden of the courts, as the courts are already bursting, overburdened and plagued with numerous firvilous and vexatious cases ... Hence public are cautioned for proper and better advise from professionals and should probe more on all such invitations for those of us who are disgruntled on any issues, be it services rendered, home loans, product services, cosnumer articles etc. Beware of these people who under the garb of professional advise, would set a trap and render us that much poorer by us spending money on unneccessary litigation. These are the poeple who invite all the gullibles into a long term litigation... you know why !! Their survival exists because of you... Hence forewarned is a better arm for all of us. Let us respect the Judiciary that has set precedents in this regard. Citizens are intelligent and they would not be spurned by such invitations. J AI H I N D -----Radhika, Advocate, Chennai.
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As far as the lower intrest rate to new customer and higher to old is concerened... What they say is
There is this PLR(Prime lending rate) which is decided by the RBI and there is something called as spread, which is mentioned in your loan agreement and which will be same through out your loan tenure.
Your interest rate would eb PLR-Spread. so It is PLR which determine your intrest rate... for the new customers spead may be higher.
And PLR revision they do once ina quarter, suppose PLR has decreased in feb but it will be applicable to you only in April and if PLR increases by April then the incresed PLR will be effective for you.
Please check if this is mentioned in your agreement, if yes and they are not providing you interest rate based on that then u have every right to take them to consumer court.
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Attn : Existing HDFC Home Loan Customers - Join Yahoo Group The existing customers of HDFC home loan have formed a group at Yahoo Groups by the name of 'hdfchomeloancustomers' to address the concerns of existing customers who are paying high interest rates. The group unites Hdfc customers and intends to take the issues like high interest rates, conversion fee, increase in loan transfer fee and treatment of old customer's with HDFC. The group is very active, vibrant with people from diverse vocations and regions. Please join the group. Please forward to all you know are HDFC customers"
--standard disclaimer at the end
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I'd also taken loan from HDFC and was paying 12.25% from initial 8.75% I'd signed up for.
A smart way is to get out and stay out of high interest rates of Public/Private banks is by using some of NBFC and private institutions which offer lower rates of 6% - 7.5% .
And Its Fixed for entire duration of loan .
I changed from HDFC rippoff rate of 12.25% to 7% from private finance company.
I'll be saving over 16.4 lacs over the next 15 years by changing over to private finance company. This is money I'd have slogged to make banks richer...now I can use it to invest or get out of this loan 35% faster.than possible before.
If interested you can contact
Sujith 09980807164
...and tell him Suresh Ancholi referred you to him.
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What is the standard time for home loan approval. In my case, now, it is more than 50 days, the loan is not disbursed. What the HDFC back office people are doing, only God knows..? Totally unprofessional attitude and behaviour by HDFC Ltd.
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Please read this email which I sent to them today, which will tell the story:
Hi All,
I have requested for the refund of the excess Proc. fee to Ms.Priya, on 17th May 2010, today it is 2nd of June 2010 wich is 16 days totally. Please let me know how many more days you require to send me the refund. I am totally disappointed with your services, and I feel that I have made a wrong choice by selecting HDFC.
I have applied loan in your Trichy branch and identified a property in Bangalore. I have send the photocopies of all the documents to Trichy on 14th of May 2010, which you would have received on 17th of May 2010. But till date(02-Jun-2010) I have not got the update for the technical evaluation and legal verification, and I am still waiting for this result to pay the advance amount to the property owner and to do the registration. When I called Mr.Ponnian to ask about the technical evaluation, I came to know that, nothing had not happened till date and I got totally shocked.
Please help me atleast now. 7th June 2010 is the last auspicious day to do the registration, if I skip this date for the next 2 months I cannot do the registration, so I kindly beg you all to complete the technical verification & legal verification tomorrow and fix an appoint for me tomorrow morning to show the original document in Marathahalli, Bangalore branch.
Based on the information received from Mr.Kannan, I went to Marthahalli branch 4-5 days back to submit the document photocopies, I was treated there like a joker, because they didnt got any information about this from Trichy branch and they were asking me 'what you want us to do with this document', and they simply received and kept it in their drawer, I dont know what happened to those document photocopies till date. When I told this to Mr.Ponnian today, he is telling that "now only you are telling me this, I will mail to Marathahalli branch and check the status of those documents tomorrow and update you"
Tomorrow I am going to take the builder to show the original land documents and plan approval in your Marathahalli branch of Bangalore, atleast for this I need proper guidance from your side like whom to meet and when to meet, this is very very crucial for me as the builder will not be available in Bangalore for a longer time. Please note that I cannot waste the builder's time, flat owner's time and my time tomorrow, if they say they didnt got any information from Trichy branch regarding this and if they send us back.
Thanks & Regards,
Ramasamy Subramanian
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Dear Friend,
I would like to make you alert on few details regarding HDFC and other limited companies.
HDFC LTD is a limited company and is not a banking institute.
It is a self regulated financial organization and is not at all regulated as a refinancing institute or is not a Banking institute. Sales officers makes people fool by stating HDFC Home loan as part of banking division. Even interest rates charged by HDFC is very high which is increased in subsequent years.
As such rates of interests for home loan are definitely regulated by RBI but limited and private companies do not fall under their per-view. These companies fall under company Act and not under Banking Act.
At time of taking loan these companies promises low rates of interest and then increases rates of interest in subsequent years, which increases your burden of repayment in form of slow poison eating your lots of money.
I will share my personal experience:
I have a very bad experience with HDFC, My loan of 11 lac with tenure was only 20 years and was promised with 3% discounted rates for my loan account as the company with which I was working was a corporate client of HDFC, so my loan started at 7.25% rate of interest and a low EMI of 8595/- Rs only.
In later stages HDFC revised rates of interest stating that my loan is on floating rates, where as no discounted rates are applied to my account. More on no reduction in rates are done at all even when rates of interest of other banks and institutes fall down. Even when they offer low interest rates to new customers – on my inquiry they asked for a proceeding fees of almost 12 thousand rupees to revise the rates of interest.
My EMI is also revised to 10, 526/- Rs and the tenure is now increased. Today even after paying EMI for more then 6 years my tenure of repayment is more then 18 years and EMI is increased from 8695/- Rs per month to 10526/- Rs per month. So I will end up paying money to HDFC for more then 24 years.
So I will end up paying four additional years with new EMI to HDFC which will make me a loss of almost 10-12 lac rupees.
HDFC is offering new customer 8.25 rates of interest where as even when I am a old customer with corporate tie up with the company – I am charged almost 11% rates of interest and I am screwed up by paying more EMI.
I have started legal proceedings against HDFC – and warn you all that dont take loan from HDFC other wise your people will also end up in soup and will have to pay huge for small things.
REQUEST YOU ALL TO TAKE LOANS ONLY FROM BANKING INSTITUTES AND NOT FROM ANY LTD COMPANY--
Ask following questions at time of taking loan.
1.Is the company having word “Bank” in its name.
2.If the company is refinancing company - take in written that – rates of interest in the company will be regulated as per RBI norms.
3.Only those people whose files are not getting approved from banks and documents are not clear enough and are in need of loan should opt for such institutes, but mind it these ltd companies slowly increases rates of interest and eats away your lots of money charging high rates of interest.
PLEASE NOTE – HDFC is a limited company and not a BANK. Only banking institutes or company with word “Bank” in its name are regulated by RBI.
Before signing any document of ltd company please read the terms and conditions completely and take a lawyers advise if needed before going ahead to sign the same.
Please disseminate this information to all your friends and relatives so that they are not cheated by any private company in case of loans / home loans.
In public interest by:
Pankaj Kakani
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GUYS JUST READ ON, THIS WENT STRAIGHT TO THEIR COMPLAINT DEPARTMENT:
Hi,
I have applied for a home loan from HDFC, and for the same I was asked to submit more necessary documents to your Business Development head Mr. S. Vishwanathan at Vadodara (Gujarat) office who visited my office a few days back to get some more insights on my business. So on his request, I mailed him on 31/08/2010 at 9:48 PM with all required documents, Quotations my Bank Statements. NOTE that I have already provided my IT return statements with the necessary documentation required at your head office at Trident Race Course Branch (Vadodara) previously. After frustrating 6 days I kept calling your branch offices, and Mr. Vishwanathan to get the status of my loan application. I have already elaborated on the type of Business, The budgets for each project, My Clientele to your HDFC branch at Trident Race Course, Vadodara. I spent almost more than 1 hour trying to explain my business to your loan eligibility department which is "Outsourcing, Web Designing and Web Development".
What kind of stupid and sick policy you have for responding back? Or all of you are the same from your CEO to your Sales representatives and all the way down to your peons? I have already paid my booking amounts for the Home I wish to buy which is a serious amount of money even for an employed and serviced person who are on your TOP LIST for loan eligibility opposed to business enterpreneurs. ERGO I am not exactly looking for a serious consideration of loan from you judging by the way your progressing apart from your sales representatives who make GOD like promises, and they are almost convincing! So, please cut the chase, put your eyes and ears and hopefully your head too; in this matter if that's not too much of a problem to your list of agenda, and REPLY BACK IF YOU CAN OR YOU CANNOT. I've made this so simple "WE CAN" or "WE CANT" or I have a better explaination "WE WONT". If its "WE WONT" or "WE CANT", please give me a miss call I will call you back FOR SURE! and save you a few bucks, and If so then I can move on with my life, and approach other banks WOW! apparently I already have done that ha haaa...
Regards,
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Hi Guys,
I had applied for loan with HDFC Bank in Loan against property category, they took my processing fees and rejected the loan, stating this was RBI's policy where as CITIBANK gave me a loan without and took the fee after the sanction of loan... On this when we went back to HDFC bank, the Relationship Manager of Nana Peth, Pune branch Mr. Naik started abusing me and threatened me to do whatever I can, he said you can JUMP FROM MY WINDOW but I will not entertain you along with him the person who came to collect our document Mr Madhav also insulted me like I owed something to HDFC Bank.
I have never seen such a pathetic service from any bank like this. Do people sitting in their H.O even realise that the bottom of pyramid in HDFC needs to be taught how to handle customers for effective business?
I will spread the word and will never ever let any one in my social network deal with HDFC Bank...
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Sub:-Application regarding information of rebate on loan.
Dear Sir/ Mam,
With Due respect, wish to state that my name is Manju Devi and I live in Jaipur. My address is MR. RADHEY SHYAM SHARMA, PLOT NO D-43, GANESH NAGAR, JODALA, SIKAR ROAD NO. 14 VKIA JAIPUR. With reference to this letter, I would like to tell that I am the nominee of account no. 701650 (CITI BANK JAIPUR).
The respective account number was held by Late. Mr. Radhey Shyam Sharma.Further, I would like to inform you that he is expired on 20.07.2010. Sir, my husband has died on 20th July’ 2010, during his leaving, he was granted a home loan by your respected bank of amount 607327. Which was issued on 02 April’ 2005 for construction on Plot No. 12, SHEKHAWATI COLONY, JODALA SCHEME VKIA JAIPUR, 302013.
Now I want to repay this loan, hence please intimate whether he insured the loan amount? If no any concession is available in such case for repayment.
I kindly request you to look into the matter personally and reply my query on vijay_7386@yahoo.co.in as well as hard copy on my residential address at the earliest for further decision in the matter.
Thanking you sir,
Yours Faithfully,
(Manju Devi Sharma)
This Letter Submit to Citi Bank HO.But Answer is awaited pls help
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Subject: Delay in disbursement.
My name is Vijendra Kumar HDFC Housing Loan A/c is 589688546. I have given a disbursement request on 29th November'2010 for disbursement request date 2nd December 2010. I was following up by telephone (41115111), no executive is responding correctly, some were saying chech is ready some were saying please confirm before coming to collect the disbursement check. Today is 8th, yesterday i called up on the same number one executive told me to come and collect chech by today after 3 pm. today i again called to confirm and came to know that check is not ready becuase of HDFC technical error. They took almost 10 days and telling me sorry for inconvenience. Tommarow is my last date to submit the amount to builder, builder generally gives 5% rebate on demand amount if we deposit money before due date. if i don't submit i will loose 5% rebate amount (INR 9000). Apart from this i had to go for holidays and i am delaying because of this reason. And HDFC executives say that they can not do anything if it is delaying becuase of thier end. I would request you to preapare my disbursement amount by today itself so that i can deposit the same to my builder. Thanks Vijendra Kumar 9810921178
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I am a Sr.Supervisory employee of Rlys. HDFC of hubli of karnataka has wasted my 50 valuable days time and amount to the extant of 4300 as processing fee (first took 9300/- as prpcessing fee and after 3 months returned 5000). they first told that sanction in 10 days and door step service. but they made me to go their bank for more than 10 times and after 50 days they asked me to bring a conduct certificate from my dept. officers. Further they told that this certificate necessary for only Railway employees. finally i took loan from SBI as i have vexed with HDFC delay and conditions. they will first take P.Fee money before sanction of loan. SBI is good when compare with HDFC for housing loans
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I totally agree with all the comments here. I had similar experience with HDFC. I had applied for Home/Land purchase loan to purchase land in Coimbatore. Submitted all the required documents and processing fees of approx Rs11, 500. HDFC initially said they will fund only 70% of the total land cost as it is a "Land Loan". Only for "Home Loan", they give 80% for the value more than 20Lakhs. Since I said, I cannot afford to proceed if I have only 70% and was about the cancel the Loan, they confirmed that they will give 80% of the cost. HDFC did confirm the date of cheque issue and we did fix the Registration date and called the Seller, purchased the registration papers for few Lakhs and taken a DD few thousands, Also paid the seller the remaining 20% of the cost. On the day of registration, HDFC says, they will give only 70%. Also the managers said "HDFC does not encourage and provide loan for Land purchase. Because I am an existing customer, they considered for the same". The Sales executives say something and promise something, the HDFC managers, technical assessor, credit assessor does something. Never go to HDFC Sales Executives or HDFC for Home Loan. Finally I had cancelled my loan, lost the processing fee. Due to all these HDFC issues, I was forced to think about ending my life. I had cried a lot. But realized that HDFC is a cheater. They do not consider customers at all. Around 2 full days been wasted at HDFC office and no use. Now I am praying god to get the 20% of the amount paid to the seller.
Friends, please go to Nationalized Banks only. Keep sufficient time between your loan processing, sanctioning, technical assessment by the bank and the final cheque preparation and the date of Registration. Do not believe the Sales Executives and their promises especially HDFC bank. If you want to purchase land/home, please do save amount (keep your savings in nationalized banks only and never in any of the private banks) and then plan for it.
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HDFC is a chor company.
the biggest chor are workign with hdfc.
You can even get a job by payying big money(if you have) .
Mr . S. Viswanathan from HDFc ltd. Vadodara charges rs.25 lacs for a job with HDFC. If you want a job, call him on 09824001220 and he will give you the job.
all the best.
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If you want an housing loan faster, take the business development manager for lunch, give him good gifts (more cash if possible) and u will get your housing loan in minutes.
Contact Mr.S.Vishwanathan (baroda) on 09824001220 for faster and immediate housing loan. Fees - Only Rs.25 Lacs.
All the best.
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I have applied for a home loan at HDFC Kollam Branch(Kerala state ). the loan was sanctioned in principle for 22L( Loan Number 606347061). subsequently I have identified a property of 26 L Rs at Paravoor Municipality region in Kollam district of Kerala state. the property is 8 cnt with a well built house of 900 square feet. as per the demands of HDFC executive I have submitted various documents pertaining to the property during a span of 2 month.At the end of all I have been told that an engineer from HDFC came for the valuation of the property and valued 15L only. but that time home was locked and gate also was locked. then how the engineer could valuate the selected property. and the so called valuation of 15L for such a property is quite impractical and hold good for 10 years back. next day we approached the bank manager and asked for the documents and processing fee. they returned back the documents but processing fee they did not give. in fact they have not done even a single Rs work for claiming processing fee of 11200 Rs. it is clearly evident that to trap 11200 Rs from individual as Processing fee and at last at some stage to stop the loan saying some fabricated reasons. I hope to get a solution in this
Regards
Md.Iqbal
9496477259
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pl.senstion my home loan pending five month per month send doucu ment salary sheet selary statement and other doucument but not responce of hdfc barelly home loan depart ment by mr. arvind saxena demond doucument per month but not respond my mob.secive.pl.contect to hdfc bank barelly home loan department .thank you
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Pritesh P Somani
A
RADHIKA - Chennai
