HDFC Bank Complaints & Reviews

sdfsdf — Very High Interest Rate

Request to all new home loan borrowers. Never ever take home loan from this housing finance. Go only to Public sctor bank and LIC HF. If you can NOT get loan from them, do not buy the property. Waiting for the day when these private banks will be closed! Please come that day to my house. I will give you sweets.

When every bank has reduced home loan intrest rate. These people have not. This is FINANCIAL TERRORISM at it's worst.

Let someone explain me. I took loan at 10.25% with in six months it went to 11 then to 11.75. Now it is at 10.50. New customers get @ 8.5 or max at 9. logic cost of Fund. If cost of fund was high for me, why while incresing it increased. While decreasing it did not decrease. What is the logic of Floating rate. All my friend's intrest rate who took loan (same time as of mine from other banks) now at 8.5 to 9.5 % range.

This is very true. HDFC bank increases home loan rate as the rate increases in the markets, but is unwilling to reduce the interest rates for existing home loan rate.Moreover it has even increased the penalty amount for Loan transfer.
Other private banks are also offering to switch the loan to new interest rates.
But HDFC seems to enjoying over the plight of people.
Can anybody post any email address so that email can be shot directly to some higher official for raising concerns ?
We the the existing users can form a forum and try to file a case against the HDFC bank in Supreme Court, questioning it's stand on not reducing Home Loan rates.
To be precise filing a case and following it up brings expenses.I guess given the numbers of HDFC bank customers 10rs/month/customer would be good enough for this without creating any extra financial burden on anybody. People what say ? Either lets do something or let them cheat us the way they can.

Well I am also open to thought :"that somebody form HDFC can express their bank's stance on not decreasing home loan rate for existing customers."

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

I do not think HDFC would reduce the interest rates to the old customers where ever you go. The problem is with RBI & the government as well, as RBI is allowing banks to do such things.

I believe, RBI must give stick directions to the banks to not to impose any pre-closer charges, so that people can switch their loans to different banks if the current bank is not willing to reduce the ROI. It seems for me that financing institution lobbied the RBI & the government. I really do not under why we need to pay the penalty while paying back the loans.

I hope at least the RBI or the Government would take it as serious issue soon and direct the banks not to impose any pre-closure charges.

Sir

Please take action

This is my mail corspandance your HDFC home loan

With regards

M S S Rao

[protected]


Dear Madam

My file no[protected]. I requested lost three months. please return my Amount Rs 5540/-


with regards

M Sambasiva Rao
[protected]






[protected][protected][protected][protected]
From: Rao Mss <[protected]@yahoo.com>
To: Seshubala Babblepati <[protected]@hdfc.com>
Sent: Wed, August 25, 2010 11:09:41 AM
Subject: Re: Refund of fee


Dear Madam

Till date I am not received chq till date. please give me courier details, which courier you send chq and what is the docket no


with regards

M Sambasiva Rao
[protected]




[protected][protected][protected][protected]
From: Seshubala Babblepati <[protected]@hdfc.com>
To: Rao Mss <[protected]@yahoo.com>
Sent: Thu, August 5, 2010 11:11:45 AM
Subject: Re: Refund of fee

Dear Mr.Sambasiva Rao

As Informed to you earlier, Your refund chq was posted to your residential
address on 09.7.10. We have not received any refund chq undelivered till
date. Forwarding details for your reference -

Chq amount : Rs. 5540/-, dt: 7.7.10, Chq no: 335343, hdfc bank.

For any clarification, feel free to contact us.

Best Regards

Seshu Bala P
Ph.no:[protected]










From: Rao Mss <[protected]@yahoo.com>

To: [protected]@hdfc.com

Date: 08/05/2010 10:59 AM

Subject: Re: Refund of fee






Madam

Please return my amount RS 5540/- given my office address


M SAMBASIVA RAO
[protected]

From: Rao Mss <[protected]@yahoo.com>
To: [protected]@hdfc.com
Sent: Wed, July 21, 2010 12:01:28 PM
Subject: Re: Refund of fee



From: Rao Mss <[protected]@yahoo.com>
To: [protected]@hdfc.com
Sent: Wed, July 21, 2010 11:58:14 AM
Subject: Refund of fee

Dear Madam


I M Sambasiva Rao, apply for home lone from your bank. But some tech
problem My lone was rejected by tech staff.
My file no[protected]. I requested lost one month. please return my Amount
Rs 5540/-

My Present address was changed so please send cheque my office address
given below


M Sambasiva Rao


Tele : +[protected], Mobile : [protected]


Tele fax : +[protected]


Aster Teleservices Pvt, Ltd.,


#2nd Floor, Laxmi Towers, Opp. Poulomi Hospital


Dr. AS Rao Nagar, Secunderabad (AP) -500 062


with regards


M S S Rao
[protected]

Dear Sir / Madam

My file no[protected]. I requested lost three months. please return my Amount Rs 5540/-. due to not sanctioned of my lone


with regards

M Sambasiva Rao
[protected]

sory

This is to inform that Mr Aditya from HDFC Bank, Credit Card Division from Dadar branch approached and offered me HDFC Bank Credit Card for Kotak employees.

As per his assurance, I was to get the welcome kit with a week's time and accordingly all necessary documents were collected from my office on 14.12.09.

As per the process, three times verification was conducted in my office and twice in my residence and it was being confirmed that you will be getting the card in three weeks.

During last week of December 2009 I received three calls on my cell for confirmation and verification at office number. Since i was not in City, I have asked them to conduct after 4th Jan 2010. On calling HDFC Bank Credit Card division, i was asked to drop a letter stating that you are back in town and necessary verification can be completed. According letter was dropped in HDFC ATM Credit card correspondence box in 10.01.2010.

Till today no verification has been conducted even after several reminders to Credit Card supervisor – Ms Madhuri and Mr Susant.

Today on 8.02.2010 on speaking to Ms Madhuri, she asked me to once again summit photocopy of my salary slip and ID Card.

According to me they simply collecting customers document and creating data base and might be misusing else where.

They are big cheaters in the market.

Need to take up with Mr Parekh with a copy to Banking Ombudsman

Thank you
Ajay Agarwal

Hi
Pls donot buy any product of HDFC as they are cheating customer in form of appointing few temporary agent and giving all false information. I was cheated by HDFC insurance policy named SAP. Which the agent gave all false information and took away my money.
When you call those agent they dont even respond to your call after few months of paying premium. As they know you are trapped by paying policy amount for certain months.

I do have same problem. While other banks have reduced their interest rate to 9 to 9.5%, HDFC is still at 11% .. I don't know why? They don't even bother to inform us..

Hi,

I have applied for a home loan with HDFC bank, Pathanamthitta, Kerala. I have submitted all the documents as required by the Bank. The Bank was in haste to get the documents and I had furnished all of them inspite of lot of logistic issues. Now its been more a month close to 45 days and im yet to get an update. All i wanted was an update, but the bank officials have been lethargic. I want to apply elsewhere if this is the attitude and service that HDFC has. Im totally irritated and pissed, i want to go ahead with my housing plans and cant put it on hold just because somebody in the Bank is irresponsible.

Sir,
I had taken a home loan and the same has been completed, however the cheques that were given to HDFC as EMI is in excess of the loan amount.The HDFC loan dept. is saying that though the same has been completed the excess amount deducted will not be refunded.
Pl suggest what I should do;

Partha Seal

Subject: Delay in loan approval Ref to File No:[protected].
Dear Sir.
I had applied for the housing loan on 20th Sept. 2012 at Koushambi in Ghaziabad (U.P.) and also submitted all the property related documents to Mr. Adarsh Singh (Kousbami Branch).I got the loan sanction information on 24th Sept. 2012 by and SMS and sanction letter on 16.10.12 by your shimla branch as I am working in Himachal Pradesh . After that I was asked to submit the other related documents time to time and I have fulfilled all documents related requirement as requested. Later on, He informed me to do the registry of property on 19th Nov. 2012 But he denied for registry and demanded for the MAP of the property again, then I submitted the same on 20th Nov. 2012 to Mr. Adarsh after waiting of 4Hrs in your office
The Shimla branch is sanctioned Rs. 1666657/- But I requested them for 15 Lacks only, which was also communicated to both the branches via email. Now I am in continuously in touch with both the braches (To Mr. Adarsh of Ghaziabad and Mr. Vedant of Shimla) but till date I have not received cheque of my home loan. Whenever I contact any of them they always give me excuses and told to contact later on. I have already paid half amount of property and I am deep trouble and mental pressure as I have invested my whole of the life’s earning in this project. I have to paid late penalty from 19th Nov to seller.
Now it is humble request to you that whether you are sanctioning my home loan and or not so that I can approach to other bank to avoid my harassment and delay.
Kindly update me as soon as possible.
Regards
vijay pal
[protected]

my home loan pending over five month throw mr. arvind saxena hdfc bank home loan depart ment no ricive of my mobile

my home loan pending over five month throw mr. arvind saxena hdfc bank home loan depart ment no ricive of my mobile

HDFC Bank Ltd

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subinjacob

HOME LOAN
Hi,

I have applied for a home loan with HDFC bank, Pathanamthitta, Kerala. I have submitted all the documents as required by the Bank. The Bank was in haste to get the documents and I had furnished all of them inspite of lot of logistic issues. Now its been more a month close to 45 days and im yet to get an update. All i wanted was an update, but the bank officials have been lethargic. I want to apply elsewhere if this is the attitude and service that HDFC has. Im totally irritated and pissed, i want to go ahead with my housing plans and cant put it on hold just because somebody in the Bank is irresponsible.
[Complaint comments] 2 Comments


Comments
0 minutes ago by
Rakesh Kumar Upadhyay
my home loan pending over five month throw mr. arvind saxena hdfc bank home loan depart ment no ricive of my mobile
0 minutes ago by
Rakesh Kumar Upadhyay

my home loan pending over five month throw mr. arvind saxena hdfc bank home loan depart ment no ricive of my mobile

I have taken loan from bangalore hdfc 3 years back. Three months back my husband passed away. I cleared my home loan from my husband claims.But hdfc has not returned my original documents for the last 60 days. They have misplaced my documents.I helpless.
They keep on prolonging this issue. How to take action. Since i settled the loan i don't have any source of income. if i would have put the amount in bank and i would have got interest.Now i am struggling a lot with hdfc. I won't advice anyone to take loan in hdfc.I will give zero rating to hdfc.

xz — Deduction From A/C

Sub: Deduction from A/c No. [protected]



Dear Sir/Madam,

This is to bring to your kind notice that I am holding above said account in your bank.Here are three deduction from my A/c dated 31/03/08 -842.70/-, 30/06/08 -842.70/-, 29/09/08 -750/-.Before or after these deduction I was not informed. Till today(08/06/09) I have not received any statement at my address.



I would like to know from your side in written.







Thanking you,



Subhash Chauhan

Shop no.11GF (South city 1 market)

Guardian life care Pvt. Ltd.

Gurgaon


My Present Address:

H.No. 468,

Rajiv Nagar, Palwal(Haryana)

Mobile No. [protected]

I tried to top up my airtel no.by rs60 from idbi atm but it didn't work and msg was recharge not successful.When i checked my statement rs60 x 2 deducted from my hdfc savings a/c [protected].Pls try to solve my problem.Thanks.

HDFC


Deduction of amount from my savings a/c.
I tried to withdraw money from hdfc atm but it didn't work and msg was transaction not successful.When i checked my statement rs 4000/- (four thousand ) deducted from my bank of india savings a/c .And customer care is not at all responding to mails Please solve my problem.Thanks.
mohammed yousuf
ph:[protected]

Hello

The image of the Note photocopy appears to be blank ?

You also have not explained what actually happened, for the benefit of other readers

Regards

Swell

Bad experience with heft credit card and Debited unwanted amount under HDFC ERGO Ins policy .

I request you pay your kind attention to the fact the i Waseem Ahmed Siddiqui, Nokia Siemens Networks PVT. LTD. 3rd Floor Eldeco Corporate Chambers 1, Vibhuti Khand, Gomti Nagar Lucknow 226010 having contact no. [protected] am holder of hdfc bank credit card no. [protected] which was issued to me on 8th January 2011.
During the Credit card confirmation call ( before recieving of my credit card ) from customer services the executive offered me one HDFC ERGO Insurance policy & He insisted me alot for the same & told me that If I havnt buy this policy then HDFC will not issue the credit card . I asked him so many times that this policy is mandatory or not & He didnt reply me with fact . Then after that I got call from another no regarding the Policy confirmation & the executive mis communicate the same to me & activate the policy.

After that call Immediately, I called to Customer Service centre no & ask them to deactivate & refuse that policy.
Customer Care Executive confirmed me that your policy will not be activated & you will recieve again the confirmation call. Then again after 30 mins I got call from same executive & He behave very rudly . I confirmed him that I dont want any sort of policy & He disconnect my phone without saying anything.

Today I recieve one SMS "Dear Customer, Your HDFC Bank Credit Card has been debited for HDFC ERGO Ins. policy premium. You ll rcv ur policy shortly".

I called to Customer Service centre & register my complaint against the same matter.

Kindly credited the amount & deactivate that policy as soon as possible.
I will not buy any kind of Policy & will not sign the policy.
Kindly revert me on my mail Id (waseem.a.[protected]@nsn.com).
amount i will be in deep trouble i will not be able to feed my family, so i request you to please look into the matter and please try to release my account and settle the credit card issue, i really beg to you please try to release my salary account sir, as you only can justify that my salary is not to high and i am only the person earning in my family of 3 members it is very difficult to run the family in such short amount and upon that if the account is blocked than what kind of trouble i am facing looking that i hope you will look upon my request and try to release the salary account

//br
Waseem Siddique
[protected].