HDFC BANK PERSONAL LOAN -- fore closure
This petition had 18 supporters
All of us get so many calls from agents to sell PERSONAL LOANS, did any of us get any call from the BANK how to guide us on a foreclosure of a loan if the deposit in the same bank exceed the loan amount . They have Wealth Management departments again only to sell some products.
We never get calls when we want to foreclose...
How ever if we seek a foreclousure, how irresponsible they will be, while selling loans they promise so many things, they come to our office or home or anywhere...in my case they said that the loan amount is more than 10 lakhs and if after 12 months of completion, if i want a foreclosure then i can do so without any penalty, now when i ask for foreclosure initally they said its 4% as i was logged in a wrong promo code - ELITE... and hence i cannot get the foreclosure waiver. After repeated attempts to get the agreement copy, they said me to confirm my postal address and said that they will send. Now i am at the mercy of a product manager to get waiver for the penalty , thats what the sales manager who sold the loan to me has said, the last sms reply was -- friday - shivratri- holiday- saturday - holiday- sunday - holiday.... will get back on Monday.
Now they sent a foreclosure statement with 4.6% penalty.
i have a copy of the bank which shows that there is no penalty.
WE need to be careful in going through agreements and take confirmation.
I care for all the personal loan seekers to be careful while signing the agreement and take proper confirmations of pre closure else you will land into troubles as the agreements are always one sided.
Request your support as i am paying a hefty preclosure penalty for my negligence and lack of customer sensitiveness of the bank.
Dont want anyone of you to suffer .. there are BANKS which declare the preclosure properly. Dont be in a hurry to sign all the pages of the agreement rather pause and check a few details like pre closure to avoid penalty which is very steep, a 4.6% penalty on the principal outstanding is ridiculous. The ofcourse have the blessings of the law that on a fixed interest they can charge what ever they want.
The law should change. PRE CLOSURE OF ANY LOAN SHOULD NOT HAVE PENALTY.
I was very loyal and very passionate about HDFC and kept huge amounts as fixed and savings in this bank without having to think twice that they will loot me.
Taking a loan, be cautious and read the preclosure properly and get a proper signed document on preclosure.
PRECOLUSE OF ANY LOAN SHOULD NOT HAVE ANY PENALTY.
The capiton of HDFC : We understand your WORLD doesnt go well, it should be We dont understand your World.
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