I have a very bad experience with HDFC, my HomeLoan is Variable Rate, but interest is not floated down automatically, And most important thing is, HDFC didn't even informed me about lower interest rates available. When I got to know from my friend, about conversion fees business of these HDFC LTD. buggers, i was shocked.
I don't understand one thing which is if In case Interest rates would have gone up, they would have automatically increased my EMI, but they don't even notify their customers regarding new lower interest rates, and when we get to know about it, they charge some conversion fees. this is TOTAL RIP-OFF of customers HDFC.
Should I go for Loan transfer to some other Bank Or all of them are like this?