HDFC bank is the worst bank to deal with. Since I have a salary account in HDFC bank I thought it makes sense to apply loan from HDFC bank. But my decision to go with HDFC bank was the worst decision of my life. They will ask you for documents that they don’t even care to rea
I had submitted all the documents at the time of submitting loan case. When I contacted the bank for disbursement the relation ship manager told me that I am still short of my own contribution and unless I pay they cannot release the cheque.
I asked them to increase the loan amount as my eligibility was more but to my shock they said I am not eligible for loan more than what they have sanctioned. They reduced my eligibility by converting by fixed components in salary to variable component.
I gave them offer letter from my employer where all the components were mentioned clearly but they were not convinced?
I then somehow managed the amount and paid it to builder, now even after submitting the documents they are not releasing the cheque because its month end. The relationship manager is on vacation and they say they have a lot of workload because of month end.
I have to pay interest to builder because of such carelessness of these people. It has been three months and I am still submitting documents to them. I have only one advice please dont go to HDFC bank.