HDFC HOME LOAN: RBI once again disappointed people by not cutting the repo rate. Now the country’s largest private bank has given a big shock to its customers. HDFC Bank has increased the MCLR rate on loans for some period. The MCLR rate has been increased by 0.05 percent.
HDFC Home Loan EMI: RBI once again disappointed people by not cutting the repo rate. Now the country’s largest private bank has given a big shock to its customers. HDFC Bank has increased the MCLR rate on loans for some periods. The MCLR rate has been increased by 0.05 percent. After this shock from the bank, the loan rate for the overnight period has increased from 9.15 percent to 9.20 percent. The new interest rates have been implemented from December 7 itself.
Shock to HDFC Bank customers
The bank has changed the interest rates of the overnight period and increased it from 9.15 percent to 9.20 percent. This decision of the bank will affect the EMI of customers taking home loan, car loan from HDFC. Due to increase in MCLR, the interest rates of floating loan increase, due to which the EMI of existing customers increases. Let us tell you that the bank has changed only the overnight MCLR. The loan rates of the rest of the period have been kept stable. Due to increase in MCLR rate, interest rates of existing customers’ home loans, car loans, personal loans have increased. On the other hand, those who want to take loan from the bank will get expensive loan.
The bank has also given a shock to PayZapp wallet users
Earlier, the bank has also given a shock to its PayZapp wallet users. On December 6, the bank sent a notification and informed about this and said that a charge of 2.5 percent plus GST will have to be paid for loading money in PayZapp Wallet through credit card. However, no charge will have to be paid for adding money to PayZapp wallet through UPI or debit card. Earlier this charge was 1.5 percent, which was increased to 2.5 percent from December 6.
Let us tell you that PayZapp is a mobile application of HDFC Bank. With the help of this app, you can easily do things like online transactions, payments, bill payments. With the help of which all the work is done from online shopping to flight ticket booking, utility bills, mobile recharge.
