Reserve Bank Of India [RBI] — Regarding HDFC Home Loan Interest Rates

Address:

Lucknow, Uttar Pradesh, 226022

Dear Team

This is in reference to Home Loan A/c no[protected] in the name of Arun Kumar, I
have applied for Home Loan in 2012 and as per records the rate of interest rate
was 10.5% floating..now it has been approx 4 years I am paying installments..As I
have checked current interest charged is 10.3%.As per executive of Home Loan
department if I have cut down my rate of Interest I have to fill one form along
with fees amount…

Now I want to confirm few things

Point1: If I am having the loan with floating rate then why only interest rate
decreased by only .45%?? Why not it is applicable @ Base rate declared by RBI…
Point2: Why I have to fill the form and pay the fees for decreasing the interest
rate?? …if this was the facility available to cut down the rate of interest then
why I was not informed through SMS or Mail

I would like to request you to please do the needful to adjust the loss I made by
paying extra interest in last 3 to 4 years…

Required urgent confirmation……

Thanks
Arun Kumar
[protected]