HDFC Bank Complaints & Reviews

Dear Sir,

In reference to Card No. [protected] in the name of Vikas Bhatnagar, I would like to state that I got a statement in March or April '09 mentioning some outstanding due to some Bajaj allianz policy which HDFC Bank has levied the premium to me, which I have never signed or asked niether they have taken any permission from me to make this policy for me. So after examining that statement I contacted at HDFC Credit Card division, Chandigarh & explained them that I have not undergone any policy, so after a lot efforts within a week's time I finally managed to get it close that poilcy & the dues arised due to that policy was also been cleared by them & outstanding was made to nil & they confirm me also & after that I have asked to close the card as I have never used the card & dont want use also, after 2-3 days I confirm about me closure of card also which they confirmed.

Now I have been transfered from Chandigarh to Bareilly (U.P.) in MY'09 now I came to know that HDFC has sent some Hon' Lok adalat notice in which they are mentioning some accounting differences at my original address of Chandigarh. Now my complaint is that when all these were settled & card was closed why they have me summon of Honble Lok Adalat, Chandigarh. After that I have talked at Chandigarh office & they have assured me about the call from their office within 2 days on 9 Sep'09 & the reference No. of that conversation of 9 Sep'09 is [protected] but till date I have not recived any call from HDFC Bank. I have updated my phone No. with them.

You are requested to look into the matter & settle it as early as possible.

Thanks
Vikas Bhatnagar
[protected]
Resi[protected]
[protected]@zapak.com
bhatnagar.[protected]@ymail.com

hi all

im raj, im unable to pay the creditcard payment becoz, i dont have any job .im in searching .i got a notice from the lokadalath. is this reflect any thing serious for me.

hi all

im raj, im unable to pay the creditcard payment becoz, i dont have any job .im in searching .i got a notice from the lokadalath. is this reflect any thing serious for me.

reply me
raj
chinnu.[protected]@gmail.com

Same is the case here. I have a housing loan from HDFC with current ROI 11 % ...& will have to shell around 3.25 % of outstanding as loan closing /prepayment charges + service etc... .. and after inquiry was told that charges have been increased from Feb 2009... Prior it was 2 %...

If HDFC wants to be the game .. they should drop interest rates . This penalty increase gimmick is only going worsen there reputation...

Hi,

I too feel the same heat as you all people are feeling .
Today when i contacted the HDFC customer care for pre-clousre charges they told me that it has been increased to 3% from 2% since 16th Feb, 2009 .
How banks can do such a unethical things with their customers .
Either they should come into the competetion with all the bansk so that the customers should not think to migrate their loan or their must no be any charge for migration of loan to any other bank.

3% is charged me too by HDFC bank.
I don't know whether some action will take, but for my satisfaction I lodged a complaint at RBI website
https://secweb.rbi.org.in/BO/compltindex.htm

This is Blackmail by HDFC, they are holding their customers to ransom. They are not rationalising thier interest rates with the market and to add insult to injury they now have increased the prepayment charges to 3 % from 2 %.

I wish the RBI or Govt. steps in on behalf of customers and does something to protect thier interests.

Any new customers please shy away from HDFC. I have been a HDFC customer for nearly 10 years but all along I have been paying high interest. They upped thier interest rates so quickly when rates went up but they have delayed the reduction and that too only moderate cuts. I agree that the initial paper work is easier than PSUs / competiion but this convenience it is definitely not worth the price you oay later. Pls shy away from HDFC.

This is really frustuating...same thing has happened with me even...I was shocked when got to know that prepayment charges are increased to 3%..This is again CUSTOMER DISSATISFACTION...HDFC should reduce the interest rates for existing customers also as existing customers are the current profit makers for them.

How can HDFC bank can change to 3% for existing customers? When we sign agreement, it was 2% and HDFC should not increase for Existing customer.

Anyone please suggest if we can take legal action against HDFC. HDFC has increased the Loan closure amount from 2% to 3% without intimating the customers in advance.
Although it is their policy, they must intimate the customers in advance (at least 3 months) through letters before increasing any charges. There are many customer who are getting humiliated and harassed by HDFC unethical treatment to existing customers

Can we file an RTI against HDFC in such a case..

I suggest all the borrowers not to go to HDFC and save you money. This is a cheat bank.

Join "SAY NO TO HDFC HOME LOAN" orkut community.

I suggest to all borrowers please stop the payment towards EMI to HDFC on account o[censored]nethical practices ( like prepayment charges 3 % in case of loan transfer, not following the definition of Floating rate as explained during loan application submission how the floating rate can be differ for banks huge difference 8% - 13 % etc..).
Please submit the notification mentioning all unethical practices of non-payment to HDFC from your side prior to stop the payment towards EMI. You may take the receipt from HDFC on this notification.
Let HDFC file the legal suit against the borrowers.

The concept of floating rate is not monitored by RBI.

They offer 9.5 % for new customer and then increase it to 11 or 12 % beware of these people they are looting poor customer openly

I have also faced the same problem. They have increased the pre closure charge 2% to 3%. I have a long fight in this issue with HDFC. I have shown the application form to them where it is clearly mentioned 2% pre payment charge. But they are denying that. They are saying in agreement it is mentioned that the rate will be decided at the time of execution.

I am thinking to lodge a complain in Consumer Forum. Is it the right place for taking legal action against HDFC?

I am also in the same boat. I have take a huge loan from HDFC and now when I want to exit because of their high interest rates, they have increased the pre-payment penalty.
Why can't RBI rein in these type of scoundrels? What should we do against it?

Guys

I have created a group for HDFC home Loan customers.It shall tackle the issues related with HDFC .This Group is open to all HDFC loan customers of New Town Height and Express Grens Memebers or for any different property they may hold.We will only be discussing related with HDFC Home LOAN.

In case you guys have taken a loan from HDFC please join it.

http://in.groups.yahoo.com/group/hdfchomeloancustomers/

Group Name Changed.

I also have loan from HDFC & its no fun paying them this high rate of interest.

They keep offering lower rates to new customers once they fall in tran the interest rate for them also goes up.

This group is for existing home loan customers.

Lets get together & Thanks for your support.

Regards

Nitin - Advocate
[protected]

I also faced the same problem, i have the loan from hdfc bank from last year and it is know to everybody even my self that preclousure charges are 2% of outstanding loan amout and keeping this point in my mind i have planned to shift the loan from hdfc to sbi on 10th feb, i took the forclosure statment and they have mentioned 2% and I went to hdfc again on 27march and they mentioned me that forclosure fees is changed to 3%, i shocked hearing that. I don't understand how these banks are cheating to peoples why goverment is not putting them some control. why rbi is not asking to keep same rate across all the banks whether it's private or govt. and the new interest rate should be applicalbe to new as well existing to keep the transparency for all.

I am really very upset of paying money unnecessorily to hdfb since i can get the lower rate from other bank but since they have increased the forclosure charges i am in confusion what to do. Guys we all shoud go to rbi to make complaint against this bank.. it's a cheater

I am also a victim to this. Lets group and do a Dharna in front of HDFC bank. We should have banner against HDFC and also against Congress party who heads center. They have the power to control such a thing(via RBI actions/measures), but they are not doing so, since they are eating money from private banks. Let regroup and put up a big rally. I have created a group here, please enroll. The name is http://groups.yahoo.com/group/against-HDFC-injustice/
My name is Anil and I live in Bangalore. Let plan to group up and have a rally to protest. Please read the message on the above group and provide your ideas aswell. Again you can reach me at: Reach me at [protected]@gmail.com.

Same here i took loan from HDFC in 2002 in Floating Rate scheme and now they are charging me with 15% PA ROI. suprisingly they have never send me any letter informing me the change of interest rate.
I am of the opinion that we should form a group suing HDFC altogether
I can be reached on [protected]

Some days back, I received the foreclousre letter from HDFC with 2% prepayment charges, I have given the reference for the same and aks the HDFC if they will charge the 3 % I will stop all payment.
When I have asked HDFC loan personnel regarding the stop payment towards my home loan on account of 3% prepayment charges. This should be applicable to new borrower as they give the all benefit to new borrower in order to trap them.
They said, we will consider the case. I hope so they will do.

Without Sanction of Loan they have deposited my Cheque as processing charges.

As informed earlier without santion of the Loan the Cheque will not be deposited in the bank.

And secondly customer care doesnt take the responsiblity as they say that the File is not be generated so they cant do anything when i checked with the represantative they told me that they will refund me within a week but 10days past and they have give me the amount and no nobody is attaining my call also..so where should i contact and to whom is these and bank..HDFC...surpirses and I want my interest also for 1Month 15Days.

Piyush

higher Interest rate being charged
I was thinking of balance transfer to SBI. Now HDFC has increased BT fess from 2% to 3%. All the customers at HDFC are unable to transfer thier loans now. We are paying 3 to 6 % higher rate of interest to HDFC than any other bank.

Government should do something in this direction. The Bank must be penalised for this.

Please join the following group:

http://in.groups.yahoo.com/group/hdfchomeloancustomers/

This is a group for all home loan customers from HDFC. This is a place for all o[censored]s to get together & share our experiences. It also provides us opportunities unite & take steps to protect our rights & interests.

Hi friends,
tranfer your home loan to LIC
only BANGALORE CITY pepole contact

ASHOK RAJ
LIC OF INDIA
BAGALORE-560001
MOBILE NO-[protected]
E-MAIL- [protected]@yahoo.co.in

Hi friends,
tranfer your home loan to LIC
only BANGALORE CITY pepole contact

ASHOK RAJ
LIC OF INDIA
BAGALORE-560001
MOBILE NO-[protected]
E-MAIL- [protected]@yahoo.co.in

Charging pre-payment penalty (a form of fore closure) is against the principles of natural justice.
______________________________________________________________________________

HERE"S THE LOGIC: The main concern for whoever that takes a loan is to repay it at the earliest. In fact pr-paying a loan is a positive thing. And therefore going by the principles of natural justice there is no case for PENALIZING a loan customer for getting rif of her/his debt earlier. And therefore (regardless of what forms /clauses they have got you to sign during the loan approval/granting process, a pre-payment penalty is NOT enforceable.

HERE'S WHAT HAPPENS: Lay consumers, like all o[censored]s here- take the word of an institution for granted. We fall for things like,
'this is the policy'
'this is made clear in the loan ducument that you signed'
'we charge this pre-payment penalty to everyone'
etc
and therefore, we hurt, crib and yet pay up- because we believe there is no option.

HERE"S WHAT YOU CAN DO:Even when you are in the process of applying for a loan, and when usually we check with more than one bank/financial institution- state very clearly that you are not going to pay any pre-payment penalty or fore closure charges (quote the Principle of Natural Justice that i just shared )- you will be surprised that the bank will not just agree, but even give you a committment to this effect in writing

I have done just that and I have a written committment from HDFC Limited that no prepayment/fore closure are applicable to me.

Since it is essentially not enforceable, even if you havent done this while taking the loan, please do not pay when you want to foreclose and refinance. I have done this for an earlier home loan (fore closure from GRUH Finance and refinance from SBI) and it has worked.

Essentially they are taking advantage of the fact that consumers are not aware that this clause goes against natural justice and is therefore not enforceable.

PLEASE SPREAD THIS WORD TO AS MANY FRIENDS/ FAMILY/ COLLEAGUES THAT YOU KNOW ARE CURRENT HOME LOAN CUSTOMERS OR ARE IN THE PROCESS OF TAKING A LOAN

Guys

pls tel me have u gone to consumer court ever for this problems?

I completely agree with the grouse raised. To add to it, i was surprised to see the attitude of the HDFC query resolution managers. HDFC is not sending any written communication to thier home loan customers on the change of rates and the impact it will have on thier exiisting relationship.

I was surprised to see thier reactions when demanded one from them. They said that the newspaper article pubished should suffice my anxiety. None of the market driven benefits have transferred to us. I would want all the customers of HDFC home loan to come together and demand an explaination from them on playing with our hard earned money.

Its a sheer exploitation on thier part on to thier loyal customers. In this dynamic market scenario where in each industry is keeping customer's interest in mind, an attitude like this will for sure make HDFC loose out its market share and also goodwill.

I for sure never let any known person of mine to go for HDFC relations.

The Reserve bank of India is supposed to direct all the banks including icici and hdfc and other banks not to charge prepayment charges on home loans and the National consumer Disputes Redressal commission's order in State Bank of india Vs.Usha vaid and another which was upheld by the apex court i.e, Supreme court of India. The RBI non complaince of this supreme court directive is depriving the consumers their right to chose a better product and the banks like icici are looting the consumers and they are tieing the rate of interest with individual banks plr rate which only goes to the interest of the bank and this is nothing but looting the middle class especially and the icici is collecting the blank documents and looting the consumers in lakhs and the RBI should direct the banks to be transparent in their rates of interest and should not collect foreclosure charges which are not rationale.

All HDFC home loan customer. Please join following group for all our common cause. We are already 600 people in this group.

http://in.groups.yahoo.com/group/hdfchomeloancustomer

HDFC - DONT GO FOR IT -

I had my worst decision going HDFC home loan as per my home builder's recommendation, because he said it was fast and easy.

1) HDFC takes at least 3 months to decrease the current RoI and that too with margin of .25% (point two five percent ) as per RBI's mandate, while other psu /private banks do it in short duration and in similar figure as indicated by RBI, and when rate goes up HDFC increases that instantly

2) They will never let you escape, by putting heavy loan transfer charges to other banks, now 3 % + service Tax + STT

3) If you delay in paying the EMI, they will charge heavy penalties 18%, 4% of emi amount depending on the payment method

4) They tie up with builders only to lure you on commission basis and would hardly come to you and disclose you all the ever-changing important T & C

sdfsdf — no action since 13-3-2009

As per your instructions, I had submitted loan application form alongwith all necessary documents on[protected] in your VIRAR branch office to Shri. Nimkar. I want to transfer my loan from ICICI bank to you. Loan amt. is Rs. 140000.But no action taken by HDFC till date.Please look into the matter and issue necessary instructions to your staff immediately.

Due to allegedly higher cost of funds HDFC Bank has increased my already HIGH rate of 12.50% on floating home loan to 13% effeective DECEMBER 2009. When I approached them for prepayment they first asked for 4% then reduced to 3% the prepayment charges ALSO ON ALL INSTALLMENTS PAID FROM NOVEMBER 2006 UPTO NOW!!!

Hi Guys

I took loan from HDFC Ltd. (not HDFC Bank) around June 2007 (on floating rate basis) and found in
these 2 years, I am paying always the higher interest amount/rate to HDFC compared to other
market player.

Begining of this year, I tried to transfer the loan to other bank but clever move from HDFC increasing the pre-payment charge (2 to 3 percent on a sudden fine morning) stopped me to transfer loan to other bank.

At the same time, HDFC gave us a good story. They said, presently the gap between HDFC PLR and our existing floating rate is 3% (meaning if the HDFC PLR is 14%, our home loan interest is 11%).
HDFC suggested us that now you can increase and ascertain this gap by 0.75 more by paying 0.5% of outstanding principal and hence we did it. So, currently we find that 14% is HDFC PLR, and our garunted deduction (from current PLR) is 3.75% and hence we are paying 14 - 3.75 = 10.25% interest.
I understand 10.25% might be equal to the interest rate offered by HDFC to their new home loan customer and accordingly they can show RBI the example that to stop the migration/transfer they are converting higher interest rate of the old customer at per to the new rate.

But EVEN THAN, what I can clearly see that ALWAYS HDFC interest rate is on higher side in market compared to other market players and hence what I can say it to AVOID HDFC for all future home loans.

Apart, I support the comments where it says that HDFC agents never disclose the important T&C.
HDFC people will call you in their office and will give a big agreement to sign. Whatever Agent has said earlier to you, may be a half truth where as the agreement has full truth - but unless you take a lawyer with you or you yourself is expert and read all that big agreement, you will never come to know about those finer details. Otherwise, you can demand the agreement copy before signing to read at your convenince and then go for a signing (and not "on the spot" attitude).

I had taken the loan from HDFC, Kasturba Road, Bangalore - the main reason was getting loan is easier in private bank with less paper work, but now I understand, the intial pain to get the loan from a govt or PSU bank will led my life easier and I could save many lakhs extra (what I am paying today to HDFC as high interest without any justification, any protest) and Govt is also silent on this.

I can write many more but I do not see any outcome writing here, so if anybody is going to consumer court or taking any firm action in interest of common people (HDFC Home loan borrowe), than please let me know and I would like to join that move.

Regards/Satya




signed (seating intheir office).


it signedI have seen the intiative from Nitin, the advocate to do
something against HDFC legally - but then after many e-mail exchange in
April, suddenly everything seems stopped now, what happened ?
Regards
Satya

How HDFC harashing me to give Amortization statetement. Fist time I asked the on 15-MAR-09. Till today I did not received the statement. India is having Law but they are not in force.

Query : ASHOK BHATTACHARJEE T4/7/1 RUCHIRA RESIDENCY PURBACHAL, KALITALA MAIN ROAD KOLKATA - 700078 CELL - [protected] Date : 15-MAR-09
Reply : Replied By : Replied Date :

Query : Requesting amortization statement on line as you used to give us. You have removed it recently. Why? It smells fishy? Regards Ashok Date : 05-MAR-09
Reply :
Dear MR BHATTACHARJEE ASHOK,
Thank you for posting your query on our website.
Answer : Amortization Schedule is currently under review, it might take some time.

Query : We used to get Amortisation statement in your web site. Presently it is removed from your site. As a customer I am having rights to see my present dues. I wish you are also doing fare business, please allow us to see it in your site. Regads Ashok Date : 15-MAR-09
Reply :
Dear MR BHATTACHARJEE ASHOK,
Thank you for posting your query on our website.
Query :
We used to get Amortisation statement in your web site. Presently it is removed from your site. As a customer I am having rights to see my present dues. I wish you are also doing fare business, please allow us to see it in your site. Regads Ashok
Answer :
Amortization Schedule is currently under review, it might take some time.
Replied By : SMITA Replied Date : 16-MAR-09


Query : I would like to have amortization schedule for loan account. I had already email you for the same for two times. Wrtiien application have been given to you at your Jeevandeep branch for two times. I will stop paying EMI until I get this. Last post dated cheque you are having with you is for this month. Regards Ashok Date : 19-JUN-09
Reply :
Dear MR BHATTACHARJEE ASHOK,

Thank you for posting your query on our website.
Query :
Answer :
It has already been despatched earlier, now resent once again.
Replied By : SMITA Replied Date : 23-JUN-09

Thanks & regards
Ashok

I am in the same boat and was surprised to learn that there were pre-closure charges (I was led to believe that there wasn't any at the time of loan) and that too as high as 3%. I am switching to SBI as I have to take a larger loan - BTW, the SBI loan process was not as hard as I thought it would be. When HDFC knew that I was going to SBI, they offered to refinance my existing loan as well as give me a new loan for 9.5% (their current rate). They do this for new customers, while I have been paying 11+ percent (and 12+ in between) for almost 3 years! If I was not trying to move, they would have not offered this. I spoke to their branch manager at length and he was trying to convince me that they are forced to do this to keep customers. He said that other banks were stealing their customers! He should know better. I don't think HDFC is really customer focused, they just want to keep getting rich by exploiting their customers.

Thanks,
-Sunil.

Dear Guys,

Just to brief you, my home loan file was logged initially from Basheerbagh branch and the sanction letter was issued by the bank to approach Taranaka branch. The legal advisor named Mr. Sainath (one of the legal advisor), who sits centrally at Basheerbagh branch initially scrutinizes all the legal documents and in turn will clear the files for further processing. On initial scrutinisation of the documents, the loan sanction mail was released by the bank which is annexed below for your reference. The details of the bank person who is coordinating with me so far in this processing is also mentioned below for your reference.

The loan was sanctioned by the bank at a value of Rs.1500/- per sq.ft., which was based on the completion of the builders work in the project. On pressurising the builder from my end, the works were subsequently completed by him and asked the bank to do a revaluation. While again considering the request, the bank has asked to relogin the file to complete the scrutinisation and to do the revaluation. On second scrutinisation, the bank has asked the builder to produce some more legal papers and an opinion from a lawyer. The same was also submitted by the builder couple of weeks back in this regard. When I was enquiring the same with the bank coordinator, I came to know that the Audit was going on in the last week and the legal advisor's action was very lethargic, which in turn is due to the consequences between the builder and with him.

I have also paid an initial token advance of Rs.75000/- to the builder and informed that the balance amount will be cleared from my end only on clearance of the legal papers. Builder having faith on me and hope that the loan will clear, the builder has completed most of the works in my booked flat (except the flooring, doors fixing and painting). As per today's latest conversation after our call with the coordinator and the builder, I heard that the legal advisor is taking the subject to the bank's committee tomorrow to clear the same. But, I am totally blurt in the picture and completely depend upon the words of the builder and the bank co-ordinator.

Also, would like to know the basis on which the bank has confirmed and released the initial sanction letter after scrutinising of the documents.

Having putforth all the details, could you please help me out by knowing what is happening at the bank's end and what is their actual issues or concerns in this regard.

Builders Name : Anup (91 [protected])
&
Vijay Mohan

Project Details : Flat No. 504, Royal Plaza, Rockview Apartments, Safilguda, Hyderabad.


Bank Co-ordinator introduced by the Builder
Mr Gurumurty Kuntulu : Credit Co-Ordinator
HDFC Sales Pvt.Ltd.
(A Group Company of HDFC Ltd)
Mobile : NO : [protected]
E-mail : [protected]@hdfc.com
www.hdfcsales.com


--- On Fri, 3/7/09, [protected]@hdfcindia.com <[protected]@hdfcindia.com> wrote:

From: [protected]@hdfcindia.com <[protected]@hdfcindia.com>
Subject: HDFC LOAN APPROVAL - File No:[protected]
To: [protected]@yahoo.co.in
Cc: [protected]@hdfc.com
Date: Friday, 3 July, 2009, 4:45 PM

Dear MR HARIHARAN SRINIVASAN,

It is a pleasure to have you as our valued customer.

We are happy to inform you that your application has been approved in principle for an amount of Rs.1236000.

A Letter of Offer containing broad terms and conditions is being sent to you.

Kindly contact us for early completion of formalities relating to disbursement.

May we inform you that the necessary documents are to be submitted by you directly to HDFC.

We look forward to hearing from you.


Yours faithfully,


B VENKATESWARA SARMA
__________________________________________
HDFC - Customer Care
TARNAKA : 27006950
www.hdfc.com


Thanks in advance.

Sir,

This is for your infomation please

Dear Sir,

As per the term of the loan Agreement, the PEMI / EMI payments are to be made regularly on a monthly basis within the month for which PEMI / EMI are becomes due, without any notice or reminder from HDFC. In case, failing which the additional interest charges is accrued @ 18 % p.a. on the delayed payment alongwith incidental charges.

In your case there is a total outstanding of Rs. 34, 062/- towards (EMI Rs. 25, 272/- + Additional Interest Rs. 6840/- & Incidental charges of Rs. 1, 950/-) as on 31st July'2009. As a very special case we have agreed to settle your loan account by paying Rs. 31, 000/- by 31st of August'2009.

Thanks & Regards

Amanpreet Singh
HDFC Ltd.
Core 6-A, 5th Floor,
India Habitat Center,
Lodhi Road, New Delhi - 110003
[protected]
[protected]


[protected]@iocl.co.in
08/24/2009 01:53 PM
To [protected]@hdfc.com
cc [protected]@hdfc.com, [protected]@hdfc.com
Subject RE: Loan A/C No. 4077309








Sir,
Received with thanks for your system generated loan accounts statements. As per your statement I had paid Rs.2, 58, 837/- approxmetly w.e. f 1997 against the loan taken of Rs.1, 30, 000/- My closing balance is Rs. 25272/- after repayment of the above amount. Closing balance of Rs. 25272/- is showing. I am unable to pay interest and pIenty. so humbly request to you please wave of my interest and accept the closing balance of Rs.25272/-. A line of confirmation is solicited.

Regards

Shyam Lal



[protected][protected][protected][protected]

From: Amanpreet Singh [mailto:[protected]@hdfc.com]
Sent: Monday, August 24, 2009 11:39 AM
To: [protected]@iocl.co.in
Cc: [protected]@hdfc.com; [protected]@hdfc.com
Subject: RE: Loan A/C No. 4077309


Dear Sir,

We have send you the system generated loan accounts statement, pls confirm if you have recd.

Thanx & Regards

Amanpreet Singh
HDFC Ltd.
Core 6-A, 5th Floor,
India Habitat Center,
Lodhi Road, New Delhi - 110003
[protected]
[protected]

[protected]@iocl.co.in
08/24/2009 09:44 AM

To [protected]@hdfc.com
cc [protected]@hdfc.com, [protected]@hdfc.com
Subject RE: Loan A/C No. 4077309

I had availed housing building loan from HDFC at the rate of 10.25%. Without informing me, they have increased the rates of interest and charged rate of interest of RS 14% .
Details of the loan:

LOAN AMOUNT : 130000.00 ROI : 14.00% CURRENT EMI : 1944.00

I had paid the instalment from March 1997 to July 2007 of Rs.1944/- per month the total amount paid from March 1997 to July 2007 of Rs. 2, 58, 837 against the loan taken of Rs.1, 30, 000/- only. I shocked when they threatening me to repay the loan. After paid the huge amount they showing the outstanding amount / Closing balance 25272.00 and they also charged the additional interest / incidential charges and demanding Rs. 34, 062/- as per their mail received from hdfc bank.

As per the term of the loan Agreement, the PEMI / EMI payments are to be made regularly on a monthly basis within the month for which PEMI / EMI are becomes due, without any notice or reminder from HDFC. In case, failing which the additional interest charges is accrued @ 18 % p.a. on the delayed payment alongwith incidental charges.

In your case there is a total outstanding of Rs. 34, 062/- towards (EMI Rs. 25, 272/- + Additional Interest Rs. 6840/- & Incidental charges of Rs. 1, 950/-) as on 31st July'2009. As a very special case we have agreed to settle your loan account by paying Rs. 31, 000/- by 31st of August'2009.
Please look into the matter and settle the account.

banks r tomake profits not charity, so before taking loans u should think .

Thanks guys for this info, I have planned go for home loan which bank do you people feel would be better choice.

Dear Friends,

Just go to:

CONSUMER DISPUTES REDRESSAL COMMISSIONS
in your respective states and lodge a complaint against HDFC / ICICI and any such bank doing so.
You may even file a police complaint againts bank for cheating. Just consult a lawyer - it will be resolved.
Law is definitely a painful process but Believe me it is always fruitful and in favor of customer.

Dear Friends,

Just go to:

CONSUMER DISPUTES REDRESSAL COMMISSIONS
in your respective states and lodge a complaint against HDFC / ICICI and any such bank doing so.
You may even file a police complaint againts bank for cheating. Just consult a lawyer - it will be resolved.
Law is definitely a painful process but Believe me it is always fruitful and in favor of customer.

BOSS, i am 60years old male at chennai last 32years from eastern part of MAHAN BHARAT.It is good to learn(i am a learner at this age too)all wrong & FRAUD practice of HDFC(Housing Damaging Finance Corporation)when they sound very sweet at the begining stage & change the colour, according to their nasty practice.Now we all know their colour like green snake in the grass, why sud u go to such bank/private banks???Do'T u know many more nationalised banks r available?Plz try understand u/we are inviting these private banks & pay them for their bread & play ugly practice becoz, they r also paying huse fund to run their business to ...some one.Whom, we voted for.My only request to all of you, plz do't look at surface & talk, go, go to the depth at the root lavel u wl find a satisfactory reply from ur mind.there is no end of highlitlng any any many many story of our Mahan Bharat.At last i request all(any one)o[censored] to tell or teach me which is perfect & satisfactory in this country except TAX & DEATH???so do not cry KEEPSMILING

Go to HDFC and be ready to be robbed and blackmailed.

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

hi i have taken home loan from hdfc resently .i want to know that hdfc bank is real very cheter bank?

Hi
Thanks for sharing such a nice article.If you are looking for Payday Loans, Bad Credit Loans then visit http://www.paydayloansnocreditcheck.co.uk

Hi,

I have taken loan of 18, 000, 00 in 2009 @ 9.25 from HDFC. i have made repayment of 11 Lakhs as prepament and monthly EMI.Initial 1 year the intrest reate was maintaned at 9.25. but from Past one year every trice a month the intrest rates was increased by 0.5/0.75/1 and now the intrest rates have medt @ 11.5 and term has increased from 10 years to 12 years.HDFC is making the principal to remain like that and collecting the EMI monthly.why dont RBI or consumer court take proper action so that existing customers money is not looted.

Satish

Hello

I do not live in India however you can contact Vijay Sharma regarding home loan on[protected]

Just tell him Praveen Agarwal given a reference as this guy have suggested me to transfer the loan on better rate from 12% to 10.50% & am very happy with the kind of services provided by his company.

Thanks

Wrong deduction of TDS from FD interest

Sir i have fixed deposit in charkop branch of hdfc bank. i had submitted form 15H in time, still bank has debited 18.56% TDS from interest. Instead of my repeated request and E mails and letters Bank is not giving any reply.

HDFC STANDARD LIFE — Regarding wrong information given to me both in pre sales and post sales.

This is to state that I have been given some wrong and misleading information both in pre sales and post sales by my policy advisor – Saswati Dasgupta (Mob No. [protected]). On[protected] they are deducted 24000/- from my credit card as a premium of first year. From beginning I was told to Saswati Dasgupta that I want to cancel and stop the policy.
Once (dated.[protected] I asked to Saswati that how to cancel my policy and what formalities are there? She said nothing else only send a cancellation request letter with Xerox copy of policy document by Fax. So, I have sent it as a fax to HDFC Standard Life Kolkata branch (Fax No.[protected] on dated[protected] because I got the policy document on[protected], after received Fax copy no reply has come from their side.
In between all this my free look period was gone Till the time I was convinced that I have been cheated my free look period was gone, this happened because my policy advisor. So I confirmed it to Saswati Dasgupta and asked Fax has received or not? She said they received Fax correctly and again she assured me that it will take 4 to 7 days more to cancel the policy and you do not have to pay Rs.24000/-.
When, I asked (dated[protected] because of more holidays) client service desk of HDFC Standard Life and they told me that they are not received any Fax and Fax are not accepted to cancel any policy and the policy won’t be cancel because free look period was over. This time they also told me that policy advisor peoples are given me wrong information and they suggested me to lodge a complaint against them. At this point of time I was totally confused so I again asked to Saswati what I have to do at the moment. She introduced Mr. Santu Nandi (Mob No. [protected]).

Again Mr. Santu Nandi also said (dated[protected] that I have to send a new policy cancellation letter along with original policy document. So, I have again sent it by courier to HDFC Standard Life Kolkata branch on dated[protected]. But the entire document returns to me on[protected] by another courier. When I asked to Saswati as well as Mr. Santu Nandi they told me that I have no option except to put a complain letter first. So, I have sent this complain on dated[protected]. But on (Dated 16/02/09) again they said they are not received any complain letter but I have the delivery receipt from courier service.

Please help and send written confirmation of the cancellation to the address below as soon as possible.

Sincerely looking for your reply


SANJAY KARMAKAR
Plot No. 855, Angadpur School Para,
Near Angadpur High School
Durgapur – 713215
Mob: [protected]

You are the only one who has been cheated by unethical and unprofessional working style of HDFC group.

Let us create group for same suffering reason and work to ensure that privates bank are profibited by severe punishment from court and stopped this kind of cheating.

I am also suffering the same and want to ensure that in future this does not happen to others.

regards- Ram
[protected] (Kolkata)

Requesting for a Lawyer who is well experienced in handling Insurance fraud cases, specially for HFFC SLC.

Please advice.

Thanks and B.rgds

Dear sir
Due to sudden loss in my business I cannot afford to pay the monthy installments of Rs 8078 of my car (model 2004)Santro PB08 AN 7002 {purchased in 7 feb 2007} under Used car loan, .account number2884289.I have already paid the monthly instalments till 7 feb 2009.The balance now is Rs 82000 approx .
Earlier the loan was sanctioned through ICICI Bank for the amt Rs 2lacs .for 5 years & monthly instalment of Rs.4600.00 only.I have paid 7 instlaments.but due misguidiance by Mr. Pradeep from HDFC bank{O.D car loan and Od deptt}.
It is the first time that i have availed for the loan facility and for the first time was introduced to the term O.D.According to Mr. Pradeep the procedure would become simple by giving us a limit against our car for the remaining amount that would be paid to ICICI.and i did as he said .He also told me that my account should not contain less than 8400 Rs. This O.D cont. for 8 months.after 8 months when i checked my statements the OD which was previously of Rs 190000 approx turned to Rs 220000.On informing Mr.Pradeep, i was told that he will close my OD asRs 2600 interest would be charged even when the amt in the account is there.Being a layman in accounts i followed your executive blindly.Then he told me that he will help me to close the OD for which another 1400 would be charged (no receipt given)and gave all the documents (debit card R.C of my car, cheque books etc...) and then he got me sanctioned a loan for Rs 225000 for a tenure of 3 years monthly instll (8078Rs) through your bank.I asked for my car's R.C .For this purpose he again asked for800 Rs.I had told him that my salary is Rs 15000 .the only earning member of my house .I have two daughters.how can i afford to bear an instll of 8078 Rs .Inspite of this i have paid for 2 yearsand 2 months .but now as i have said due to sudden loss now i cannot afford to pay them .I am really depressed at this as thecar has costed me and my families life .I am unable to make up with my families needs . I was earlier a holder of mutual funds in HDFC but now i have lost faith in your bank.
i request you to remit some amount keeping in mind my problem .this is the last request to your bank, .I shall be highly grateful to you if one time settlement can be done of my account .
yours sincerely,
vicky manchanda
[protected]

HDFC Credit Card — abusive language used by collection department

SIR

i m having a credit card o[censored]r bank bearing no [protected] i m paying monthly minimum amount due to executive send by bank every month last month i didnt pay any amount to ur bank . ur collection department calls me & use abusive language with me every day, in that case i m sorry to pay any o[censored]r dues & i will lodge complaint against bank & ms NIDHI who calls me frm[protected] & use abusive language i hav payed interest more than i hav spend on my c.card
plz regard this complaint seriously
rajinder sharma
[protected]

Dear Sir,

We are residing at No.6/78, First Floor, Brindavan Street, West Mambalam, Chennai 600 033

We are using bore water for all purpose except drinking & cooking.
The Water is coming smell & dirty,
We have complined to House owner, but not taking any action, The Water tank has not been cleaned for past 4 months.

We are forced to use this water.
Kindly advice what to do,

Thanking You,

Yours fatihfuuly,

N.SRENIVASARAO.

Hi All,

I have a credit card of HDFC bank and was paying the money on regular basis. This time I did not pay on time and they called up my mother and gave a threaten to her. She got tensed and called me to explain everything.

I got pissed off with this behavior. When a lady from HDFC called me I told her that I am in office and wont be able to talk to you, she denied and started calling me again and again. I was in the meeting that time and when I switched off my cell she called my mother..

First and Important thing Customer/Collection department are not supposed to call any of the employee during working hours.. I am going to close my card facility.

Hi,

This is Dinesh. I took a credit card of HDFC before 5 years. I had a payment due for 2 months. I received a call in month of october who was using abusive language very badly. His name was Mohammed. He called from the number [protected]. When i called to HDFC they said the collection is a complete different department which they dont keep records. The lady i spoke she took a complaint and gave me a complaint number which was [protected]. But no action was taken.

Today on 19th november i was in office and the person name RAVI called from the same number on my landline at my home and started using abusive language with my parents. The time when i took the card the language which was used by these people was completely different. I am very disatisfied with HDFC and would recommend the people who are reading this, would never go for this bank.

For me HDFC sets standards but lately they have disappointed me. I don't appreciate the collection department calling to and using abusive language
since i am using comapny no. which the person was using earlier

HDFC — i lost my pan card

sir/madam,
i lost my pan card on 18th apr 09.
i don't have any details (pan card xerox, serial no, registration no, application no & my pan card no) of my pan card what i do right now.
also my DOB is[protected] not 1986
how shall i get my pan card.please give me some suggestion to me get my pan card.

thanking you so much.


sadanand sherpalli[protected]
s/o babu rao sherpalli
houseno:3-10-451,
chandranagar,
nizamabad.-503001.

I lost my pan card few days ago and I don have my pan card number...please advise me what i have to do for new or duplicate pan card

Young Star Plus is Big Fraud ... They say there are 24 free Fund Switches... Please dont believe this, they have charged 4000/- as Mortality charges for first fund Switch.

HDFC home loans : For exisitng customers floating and Fix loan rate is 30% higher than new customers.
and once you become existing customer, your interest rate is increased by 30%.

HDFC have their own policy of charging Admin fees on loan applications even after Govt. has imposed a rule for not to chrge this ...

For all the Blogs which are in favour of HDFC, DONT TRUST THEM, they are logged by HDFC people to misguide innocent people.

Yes, the complaints mentioned above are true. I have been cheated by HDFC SLIC through a represent who was working with Indian Bank. I have taken an endowment policy for 25 years. After constantly making premium payment still they're sending a letter informing that my bonus has been stopped. These fraud staffs are cleared my cheque with some other's account...

It’s completely fraud! Fraud!! Fraud!!!

I was god an gold card. but i am not received my debit card pin number so please send me my pin number agin. i am not receiving my pin number. in this reason i dont intrested to continued my transactions. so please issued my DEBIT card pin number

Worst bank on planet hdfc bank

i'm going to.. re-issue. my debit card because my atm card was lost
but
they asking for my address change.. i told them.. u can bring card on your branch address.. but they don't agreet with that.. i am annoyed .. with that..

and not satisfying with hdfc.. bank.. services..
plz. give me a resoluton of my problem.. as soon as possibel

i am also facing same problem, they sent me wrong pin and now i requested them to regenerate pin again. lets see when it will come.

currently i submitted cheque of hdfc account to icici account and i think i will get it withing 2-3 days.

abe gadhe rbi ke paas jaa banking obdensment mai ja aur hdfc ke gaand mai baans kar de.

HDFC Credit Card — ILL TREATMENT

I AM A BUSINESS MAN AND I HAVE NEVER HAD SUCH ILL TREATMENTS FROM ANY BANK WITHOUT ANY REASON. HDFC BANK IS A PIONEER IN CUSTOMER ILL TREATMENT. THEY DONT HAVE GUTS TO TALK TO GUYS. HENCE THEY CALL THEIR WIVES AND TALK RUBBISH. A CUSTOMER CARE LADY FROM COIMBATORE HDFC BANK DID THE SAME TO ME MISUNDERSTANDING ME FOR SOMEONE. I DONT KNOW HOW SUCH STUPID FOOLISH COMPANIES LIKE HDFC STILL EXIST. THEY DONT HAVE BUSINESS ETHICS, THEY NEVER CARE FOR THEIR CUSTOMERS AND THEY TREAT THEIR CUSTOMERS LIKE DOGS. INFACT EVEN CHEPER. I PRAY TO GOD THAT SUCH ILL TREATMENTS SHOULD NEVER HAPPEN TO ANYBODY IN THIS WORLD AND GOD PLEASE SAVE MY COUNTRY FROM THIS HDFC BANK.

No one checks those complaints!! HDFC Sucks

I HAD MANY SUCH ILL TREATED ATTITUDE FILLED ABUSIVE WORDS FROM SICKO FRANTIC TELECALLERS OF HDFC WHICH IS AN UNETHICAL, PRICNIPLELESS, SICK BANK, WONDER WHY IT STILL EXISTS!

My name is Santosh Haldankar.

I have taken HDFC credit card 4 months ago in Jan-09. I make payments for first 2 months. After that I send letter in March-09 to them for settlement. At that time their representative told me that your account will settle soon. But even after my settlement letter, they had regularly sent me bill and putting 2, 000/- extra dues as a penalty. Now on 7-Apr-09, they have freezed my HDFC Savings account. My balance in my Savings account was 11000/-. Today on 9-Apr-09, they had transfer my 11000/- to their HDFC credit card account for recovery of my credit card bill.

When I send the settlement letter, my dues was 14000/-. and at that time they had already hold my credit card and I have not purachse anything after that. Today on 9-Apr-09, their representative told me that my todays outstanding is 22000/-. So 8, 000/- they have increse. Even after transfering the money, they have not yet settle my credit card account and told me to call in next month.

Please help me in this matter, as I have no clue what to do?

Hi,
I have complained for my credit card bajaj alliance policy, without my permission they are given my policy, after one month i have given request for cancelation also, again & again i fax to channai also. bt still nt cancel. i have done everything but still my money is not deposited in my account and again they are asking money, they are charging lots of money.

So please i am requesting u cancel my card. am not interrrested. thanks.

HDFC PLATINUM CREDIT CARD — LEVY OF LATE FEES

CREDIT CARD NO. [protected]

I RECEIVED STATEMENT AND DROPPED THE CHEQUE IN THEIR DROP BOX ONE DAY BEFORE DUE DATE BUT HDFC BANK CONSIDERS IT LATE LAYMENT. OTHER BANKS LIKE CITI BANK, ICICI DO NOT CONSIDER IT SO.

I HAVE PAID THE PRINICIPAL AMOUNT AND HDFC IS STILL DEMANDING LATE PAYMENT CHARGES WHICH THEY ARE NOT WILLING TO WAIVE.

Yes it is true that they are arrogant in their approach.

Credit Card — Stop unpermitted Payment

Dear Sir,
I have been using your Credit Card since 3 year but i had problem then statment came, and came to know that your bank paying to the Reliance mobiles bills and health Insurance had been done it self, I did't know that what this metter all about ?
So Plz give me solution of this problem, how can i stop it?

Dear Sir

My bank account number[protected], Phase -VII, Mohali, i have lost my credit card, would request pls stop the credit card

Regards & thanks
Dhanvir Singh
[protected]

# 1364, Phase - 3B2
Mohali

My bank account number[protected], Phase -VII, Mohali, i have lost my credit card, would request pls stop the credit card

Regards & thanks
Dhanvir Singh
[protected]

# 1364, Phase - 3B2
Mohali

Credit Card — Stop Payment

Sir:

I do not have complaint against you but one company called E Music.com from USA despite my request for cancellation of downloading music from May 2009 still continues to charge me. I have received $ 14.99 on 3rd June 2009 & $14.99 on 3rd July 2009 in my credit card number.

Additionally for both these months we were away on holidays & therefore could not make the payments on time resulting in high interest charges from you. I have already made the payments to you on 12th August on my return from abroad.

I would like you to therefor make a stop payment to this company from immediate effect. I also have sent the e mail to E music.com but there is no response so far. Can you therefore do not honour the claim further payment to this company?

Thank you

Jitendra Vadodaria

August 14 2009

Credit Card — stopped the credit card

card no [protected] because your bank charged very heavy overdue charges , i paid my all dues

hiti khanna

stop credit card no [protected]

Plesae stop payment to Dinner Club, Mumbai

Please stop credit card transection that I do last night my card no. Is [protected] .I had not sure about this company that it is legal or not . So please stop that transection l done to holidays world India (a unit of holiday word club & resorts Pvt ltd) .it's website is www.holidaysworldindia.com

Please stop credit card transection that I do last night my card no. Is [protected] .I had not sure about this company that it is legal or not . So please stop that transection l done to holidays world India (a unit of holiday word club & resorts Pvt ltd) .it's website is www.holidaysworldindia.com

dear nisha. I am facing the same issue one site crownholiday.in. it's a fraud site.

can you pls help how your issue get resolved

Hi
I want to stop withdrawal from my credit card for cretain period or may be permanetly, as I have bills to be cleared, I dont want to block it completley. Is this possible ?? I a way deposit must continue but not withdraw. Please let me know if its posiible