HDFC Bank — Home Loan Rate not decreased

HDFC Bank — Home Loan Rate not decreased

S Smitha Nair from Mumbai, Maharashtra

HDFC bank is not reducing the interest rate, given that the interest rate has fallen now. When the rates were increasing, they had readily updated it but not now. When asked the response was that the PLR has not changed and it remains the same. As a layman we do not understand these terms and they easily give you many calculations to prove that the interest rate at present is correct. When contacted as a new customer for home loan they are ready to provide at a lesser interest rate of 11% whereas the existing customers rate is maintained at 12% Was this information helpful? No (0) Yes (0)

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Comments

SHIVPRAKASH SWAMI

from Pune, Maharashtra

Yes. I called up HDFC and all they said was rates are not reduced. Most of State run banks have got interest rates down to 9.5 while HDFC continues to charge 11.5%
Not acceptable.

uttam nayak

from Chandigarh, Chandigarh

Yes I agree with you. HDFC is still charging 12.75% to me where as public sector bank is giving loan in 9% for 5 years. People should avoid this private bank. Treatment like layment bank only suit to them

vivek thakur

from Pune, Maharashtra

HDFC is the WORST BANK ever, they are fraud and cheating customers by acting to their own whims and fancies. This is my advice to all people: DO NOT TAKE HOME LOAN FROM HDFC.

Vivek