HDFC Home Loan

[Lokesh Raghupathi]

Hi,
Presently i am having an existing home loan in HDFC bank. I feel i am stuck with it. The loan amount left is not much (less than INR 10,00,000/- ). But the issue that i am facing is that it wont let me make additional payment towards the principal unline SBI where when ever i feel like making some additional payment i log in and make some payment left with me by the end of the month. For HDFC if i have to make an additional payment i have to contact the coustomer care over email or need to visit the branch which rarely happens. Any one of you also facing the same issues. can anyone guid me what you have done to make pripayment against the loan in a much easy and simpler way. please share your experience. I have tried uinpay or CRED but non of them have platform to pay such additional payments towards the principal of the home loan. Please suggest.

 

[zacobite]

Hi,
Presently i am having an existing home loan in HDFC bank. I feel i am stuck with it. The loan amount left is not much (less than INR 10,00,000/- ). But the issue that i am facing is that it wont let me make additional payment towards the principal unline SBI where when ever i feel like making some additional payment i log in and make some payment left with me by the end of the month. For HDFC if i have to make an additional payment i have to contact the coustomer care over email or need to visit the branch which rarely happens. Any one of you also facing the same issues. can anyone guid me what you have done to make pripayment against the loan in a much easy and simpler way. please share your experience. I have tried uinpay or CRED but non of them have platform to pay such additional payments towards the principal of the home loan. Please suggest.

why won't they let u pay? Thats not normal... RBI doesn't allow such restrictions.. but yes.. u can't pay online hdfc if u don't have hdfc account.. go to bank if required.. still worth it.. no other option other than opening hdfc bank account.. that shd allow..

 

[Lokesh Raghupathi]

why won't they let u pay? Thats not normal... RBI doesn't allow such restrictions.. but yes.. u can't pay online hdfc if u don't have hdfc account.. go to bank if required.. still worth it.. no other option other than opening hdfc bank account.. that shd allow..

I have HDFC account, but still they dont have that option of making online payment. It is either through personal visit where you are allowed to drop a cheque or it is over email where you have to request for a link through which you can make a payment.

 

[sameer_ks]

There is no need to visit HDFC, rather write an email to customer care with your loan details and amount that you would like to repay, they may ask you share the bank statement just to check source of income and usually they send time bound payment link to make payment online,

 

[Lokesh Raghupathi]

There is no need to visit HDFC, rather write an email to customer care with your loan details and amount that you would like to repay, they may ask you share the bank statement just to check source of income and usually they send time bound payment link to make payment online,

Yes i am aware of that. My issues are that if i send an email today, i will not get the link for payment via email today. The email option is not available beyond 15th of every month. Additionally i have to inform them about the amount. Where in other banks if i want to pay online by accessing my account i can log in any time and i can make the payment. If by the end of the month if i am left with any surplus money say even INR 1000 i can still make it against the principle. But with HDFC that is not possible. HDFC plays great way in this ensuring that customer pays and HDFC wins.

 

[zacobite]

Yes i am aware of that. My issues are that if i send an email today, i will not get the link for payment via email today. The email option is not available beyond 15th of every month. Additionally i have to inform them about the amount. Where in other banks if i want to pay online by accessing my account i can log in any time and i can make the payment. If by the end of the month if i am left with any surplus money say even INR 1000 i can still make it against the principle. But with HDFC that is not possible. HDFC plays great way in this ensuring that customer pays and HDFC wins.

v surprised with hdfc... wht a crappy process

 

[Devine Soul]

Yes i am aware of that. My issues are that if i send an email today, i will not get the link for payment via email today. The email option is not available beyond 15th of every month. Additionally i have to inform them about the amount. Where in other banks if i want to pay online by accessing my account i can log in any time and i can make the payment. If by the end of the month if i am left with any surplus money say even INR 1000 i can still make it against the principle. But with HDFC that is not possible. HDFC plays great way in this ensuring that customer pays and HDFC wins.

Talk directly to manager or ask them if they don't make it feasible then shift the loan to some other bank. This will definitely bother them.

 

[Lokesh Raghupathi]

Talk directly to manager or ask them if they don't make it feasible then shift the loan to some other bank. This will definitely bother them.

Tried taling to customer care, even went to the bank tried talking to them directly creating a motion but still of no use. They simply dont have that process in place. Tried switching my loan to some other bank but guess what. any loan/refinancing if taken here in mumbai you are supposed to pay these charges.
i am suppose to pay .03% of loan amount and Notice of Intimation 18,500 charges to Mumbai Municipality

 

[akashchandra]

Dear fds,
1st option; You have to go on branch with fill additional chq amount & drop the chq in chq box .
2nd options: additional amount pay by imobile app tro loan repayment options in hdfc i mobile app. Registrated mobile number app login same ragitrated loan a/c . For loan repayment option select self loan a/c number or pay additional amount .

 

[VINOD_Vinu@3366]

Hi All

I have home loan in PNB housing bank 7800000 with interest rate 9.4% (recently increased, earlier 8.8%) and loan started from July 2023. Since I was not able do the part payment and interest rate is high and insurance covered 3lakh In PNB housing finance

Now I wanted to go with the Balance Transfer to either with HDFC, KOTAK. If possible SBI Bank From Bangalore Branch.

Any suggestions on HDFC, KOTAK or which private bank is good for Home loan ?

 

[zacobite]

Hi All

I have home loan in PNB housing bank 7800000 with interest rate 9.4% (recently increased, earlier 8.8%) and loan started from July 2023. Since I was not able do the part payment and interest rate is high and insurance covered 3lakh In PNB housing finance

Now I wanted to go with the Balance Transfer to either with HDFC, KOTAK. If possible SBI Bank From Bangalore Branch.

Any suggestions on HDFC, KOTAK or which private bank is good for Home loan ?

who ever is lowest rate.. linked to an rbi benchmark and has flexible options to prepay

 

[VINOD_Vinu@3366]

who ever is lowest rate.. linked to an rbi benchmark and has flexible options to prepay

no in pratical some issue part payment so asking here!!!

 

[zacobite]

no in pratical some issue part payment so asking here!!!

Kotak is grt