[Resolved]  Home Loan Transfer From Bop To HDFC Bank Bank — increase rate of interest without any communication

Yes, you are 100% correct, now mine rate is 13% since Dec 2008 and not decreased till now..
I waited too long to cut the interest rate but it seems that HDFC bank is not willing to cut down int rate for the CBOP customers, hence planning to transfer my loan to some Govt Bank.

yes, the bank is taking us for a ride .they are treating old bop custers as step children i think all the old cbop customers file a PIL aginst the bank, or do something so that this coerrsion is stoped.
this is the [censored]est bank i have worked with. on one hand they would call you that they would give you a preferrential status in saving ac on other hand they overcharge you.

thanks

Right, I was also a customer of CBOP. After taking over the CBOP HDFC bank has increased interest rate to 13 %. Even for documents needed to transfer the loan, they are not co-operative at all. This is the worst bank I have dealt in life. Please come together and do something against them

Friends

I have faced following problems with hdfc bank perticularly valid for CBOP home loan customers

1. they have increased the interest rate to 12%
2. They have stopped giving account statements (you will need this if you want to transfer your loan)
If you want it you have to make a personal visit to hdfc bank retail loan branch and shell out 330 rs.
CBOp used to send it free of cost twice a year via email.
3. They will not give you letter stating what all documents thay are holding related to your property unless you give them Rs.550/- for this also you have to a personal visit. You need this letter also to transfer your loan (CBOP leter is no more valid)

4. Foreclosure amount is 1.65% of total loan amount disbursed not the outstanding principal amount

Point is CBOP didnt informed us of all these charges, and CBOP used to send this to me free of cost.
hdfc has started to charge fpor it without informing CBOP customers.

This is gross voilation of RBI gudelines and a good case against HDFc bank in consumer court. Each one o[censored]s can get good compensation from hdfc bank on these grounds.

I am hoping if someone has a copy of CBOP home loan terms and conditions then Please foeard it to me at [protected]@hotmail.com. I have already filed a complaint with banking ombudsman and shall be taking it further to the consumer court.

Please feel free to conect with me at my above email address.

Thanks

Vineet

Vineet,
Please let me know the outcome of your complaint.

BTW : I asked the HPLR of bank and bank replied it with 11.50 percent.
today I dropped them mail asking why you are charging me 12.75% interest rate if hprl is 11.5% and my cbop agreement states that my interest rate will be PLR + 0.5%

Will let you know once i receive response.

Thanks
Kishor

I have a agreement copy of Bank of punjab . Shall send you soon.

Thanks

Hi All,
I fight with HDFC and now they have reduced my interest rate to 12 from 12.75 :)
Please chk your agreement copy for your interest rate.
Mine is PLR + 0.5 and current PLR rate for HDFC is 11.50

Check and bang HDFC.

Cheers
Kishor

Dear Friend,

lets join our hands to fight in consumer forum.
Lets make a group of all such people in pain.
We will vehemently approach these banks and ask for clariffication and for damages incured to us. But we need unity in doing this.
So lets make a group of all such people and then let file a suit against these banks charging high interest rates and not reacting at time of reducing rates even when we are older customer. Even when we ask for repayment they ask for processing charges.

One person can not do anything against these people. I have decided to go against the banks and looking forward for your cooperation.

Mail me if you are interested.

Pankaj Kakani
[protected]@yahoo.co.in
Ahmedabad

Hi,
There is no need to pay processing charges while making extra payment against Home Loan. Please read your agreement, it is clearly mentioned.

If you have problem, Please mail to aditya.[protected]@hdfcbank.com your all complaints will get solved, if hdfc did not reply in a month, you can go to consumer court.

the same way I did and all my queries got resolved. Now my current interest rate is 11.25 %

Thanks
Kishor

i already have home loan in cosmos bank @9.5% but i like to transfer it to hdfc bank may it possible?

I am also ofthe sameview that HDFC Bank is harassing the cbop homeloan customers as they have to deal with them being a home loan a/c. Otherwise HDFC Bank is not giving any home loan. It is the HDFC, their holding company which deals with Home Loan. If HDFC bank do not want to deal with cbop homeloan customers they should tansfer theirloans to HDFC so that the treatment they will get will be the same as of other home loan customers. Further the PLR rate of HDFC Bank is higherwhereas cbop usedto keep its PLR rate less than other banks. Also HDFC Bank should make fresh agreement with cbop customers as they were not aware of this merger of cbop with HDFC Bank andcbop gave extra low interest to attract customers fortaking home loan from them.
In my view we should fight together for the justification. I am with all of cbop home loan customers and ready to fight collectively.
thanks
kaml
[protected]@yahoo.com