Just 3 months back i was desperately looking for a loan, after enquiring with all the banks i found HDFC is a better option. I took 26 lac @ 7.5%, its fixed. I got first disbursement of 10 lac at the same interest rate as they promised. Recently, ie in July i got 2nd disbursement of 1 lac and suddenly i got intimation letter from the bank saying that i need to pay the EMI for the month of July with 8.4% rate of interest..Really, it was a big shock. When i asked bank manager they told, they enquire it and get back to me but still nothing is happened. I already paid on e installment of pre EMI with 8.4%. It would be great help if someone suggest what is to be done...
