Amit arora from Mumbai said :

I had taken a Home Loan from HDFC in April 2004 of Rs 13.60 Lac for 20 years tenure.on floating ROI The prevailing EMI was Rs 10,000 when I took the loan which is now increased to 13000 and the balance tenure is still over 20 years after paying for five years (25% of the initial tenure).I see no end of my loan remember the Ad \"Dada Kharide Pota Barte\" :-)The bank keep on offering low interest to new customers but no care for existing clients when PLR goes up we are the first victm that our EMI got increased or Tenure extended. but when PLR comes down we never get the benefitted.If HDFC can offer lower interest to new customers why cant we get the benefit of same ROI. All new customers BEWARE they are creating a trap for you by offering lucarative schemes but once you take loan fromthem you are trapped in neverending loan.Nither RBI nor government cares about this , Govt has got bailout pacages for Farmers and for big fradulent coroprates like Satyam , but people like us always be their scrape got. They are worst then Sahukars