hdfc (india) home loan interest rates fraud (2017)

of 4

Regd. Office: Ramon House, H T Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020.

Tel: 66316000, 22820282. Fax: 022-22811205, 22046834, 22046758. CIN: L70100MH1977PLC019916

XX-XXX-XXXX

MR XXXXXXXXXXXXXXXXXXxx

XXXXXX

XXXXXX XXXXXX XXXXXX XXXXXX

XXXXXX XXXXXX XXXXXX XXXXXX

XXXXXX XXXXXX XXXXXX

Loan Account Number : XXXXXXXx

Amortisation Schedule

BORROWER /S: XXXXXX XXXXXX XXXXXX

XXXXXX XXXXXX

Type : 571 - RESIDENT HOME LOAN-VARIABLE RATE-MONTHLY REST

(All Amounts in Rupees)

------------------------------------------------------------------------------------------------------------------------

------

LOAN AMOUNT : 3600000 ROI : 11.3% CURRENT EMI : 48075 ORIGIN AL SANCTION TERM : 120

Tran Type From Date To Date Opening Prep/Adj Prin.

Bal. /Disb ROI EMI Months

EMI

Rcble

Int.

Comp.

Prin Closing No Rest

Comp. Prin Ind.

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

01-NOV-07

01-DEC-07

01-JAN-08

01-FEB-08

01-MAR-08

01-APR-08

01-MAY-08

01-JUN-08

01-JUL-08

01-AUG-08

01-SEP-08

01-OCT-08

01-NOV-08

01-DEC-08

01-JAN-09

01-FEB-09

01-MAR-09

01-APR-09

01-MAY-09

01-JUN-09

01-JUL-09

01-AUG-09

01-SEP-09

30-NOV-07

31-DEC-07

31-JAN-08

29-FEB-08

31-MAR-08

30-APR-08

31-MAY-08

30-JUN-08

31-JUL-08

31-AUG-08

30-SEP-08

31-OCT-08

30-NOV-08

31-DEC-08

31-JAN-09

28-FEB-09

31-MAR-09

30-APR-09

31-MAY-09

30-JUN-09

31-JUL-09

31-AUG-09

30-SEP-09

3600000

3582675

3565202

3547580

3529068

3510402

3491580

3472602

3453465

3434169

3418289

3402260

3386081

3369751

3353267

3336629

3318445

3300098

3281586

3261541

3241325

3220936

3199702

10.25

10.25

10.25

10.00

10.00

10.00

10.00

10.00

10.00

11.25

11.25

11.25

11.25

11.25

11.25

10.75

10.75

10.75

10.25

10.25

10.25

10.00

10.00

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

30750

30602

30453

29563

29409

29253

29097

28938

28779

32195

32046

31896

31745

31591

31437

29891

29728

29563

28030

27859

27686

26841

26664

17325

17473

17622

18512

18666

18822

18978

19137

19296

15880

16029

16179

16330

16484

16638

18184

18347

18512

20045

20216

20389

21234

21411

3582675

3565202

3547580

3529068

3510402

3491580

3472602

3453465

3434169

3418289

3402260

3386081

3369751

3353267

3336629

3318445

3300098

3281586

3261541

3241325

3220936

3199702

3178291

of 4



Tran Type

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

From Date

01-OCT-09

01-NOV-09

01-DEC-09

01-JAN-10

01-FEB-10

01-MAR-10

01-APR-10

01-MAY-10

01-JUN-10

01-JUL-10

01-JUL-10

01-AUG-10

01-SEP-10

01-OCT-10

01-OCT-10

01-NOV-10

01-DEC-10

01-JAN-11

01-FEB-11

01-MAR-11

01-APR-11

01-MAY-11

01-JUN-11

01-JUL-11

01-AUG-11

01-SEP-11

01-OCT-11

01-NOV-11

01-DEC-11

01-JAN-12

01-FEB-12

01-MAR-12

01-APR-12

01-MAY-12

01-JUN-12

To Date

31-OCT-09

30-NOV-09

31-DEC-09

31-JAN-10

28-FEB-10

31-MAR-10

30-APR-10

31-MAY-10

30-JUN-10

01-JUL-10

31-JUL-10

31-AUG-10

30-SEP-10

01-OCT-10

31-OCT-10

30-NOV-10

31-DEC-10

31-JAN-11

28-FEB-11

31-MAR-11

30-APR-11

31-MAY-11

30-JUN-11

31-JUL-11

31-AUG-11

30-SEP-11

31-OCT-11

30-NOV-11

31-DEC-11

31-JAN-12

29-FEB-12

31-MAR-12

30-APR-12

31-MAY-12

30-JUN-12

Opening

Prin. Bal.

3178291

3156702

3134933

3112982

3090849

3068531

3046027

3023336

3000455

2977384

2827384

2802871

2778153

2753229

2603229

2576848

2548636

2520207

2491559

2464766

2437744

2410491

2383508

2356289

2328832

2303075

2277071

2250818

2224313

2197554

2170539

2143265

2115730

2087931

2059865

Prep/Adj

/Disb

-150000

-150000

ROI

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

0.00

10.00

10.00

10.00

0.00

10.00

9.25

9.25

9.25

10.25

10.25

10.25

10.50

10.50

10.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

EMI Months EMI

Rcble

48075

48075

48075

48075

48075

48075

48075

48075

48075

0

48075

48075

48075

0

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

Int.

Comp.

26486

26306

26124

25942

25757

25571

25384

25194

25004

0

23562

23357

23151

0

21694

19863

19646

19427

21282

21053

20822

21092

20856

20618

22318

22071

21822

21570

21316

21060

20801

20540

20276

20009

19740

Prin

Comp.

21589

21769

21951

22133

22318

22504

22691

22881

23071

0

24513

24718

24924

0

26381

28212

28429

28648

26793

27022

27253

26983

27219

27457

25757

26004

26253

26505

26759

27015

27274

27535

27799

28066

28335

Closing No Rest

Prin Ind.

3156702

3134933

3112982

3090849

3068531

3046027

3023336

3000455

2977384

2827384

2802871

2778153

2753229

2603229

2576848

2548636

2520207

2491559

2464766

2437744

2410491

2383508

2356289

2328832

2303075

2277071

2250818

2224313

2197554

2170539

2143265

2115730

2087931

2059865

2031530

48075

48075

48075

48075

48075

48075

48075

48075

48075

0

48075

48075

48075

0

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

1

1

1

1

1

1

1

1

1

0

1

1

1

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

This is when I paid

load reprocessing

fee of Rs 19,000 to

get my interest

rates reduced

HDFC fraud, they

gradually increased

the interest rates

again.

When I approached

HDFC, they asked to

pay loan reprocessing

charge again to

reduce the interest

rates

of 4



Tran Type

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

From Date

01-JUL-12

01-AUG-12

01-SEP-12

01-OCT-12

01-NOV-12

01-DEC-12

01-JAN-13

01-FEB-13

01-MAR-13

01-APR-13

01-MAY-13

01-JUN-13

01-JUL-13

01-AUG-13

01-SEP-13

01-OCT-13

01-NOV-13

01-DEC-13

01-JAN-14

01-FEB-14

01-MAR-14

01-APR-14

01-MAY-14

01-JUN-14

01-JUL-14

01-AUG-14

01-SEP-14

01-OCT-14

01-NOV-14

01-DEC-14

01-JAN-15

01-FEB-15

01-MAR-15

01-APR-15

01-MAY-15

To Date

31-JUL-12

31-AUG-12

30-SEP-12

31-OCT-12

30-NOV-12

31-DEC-12

31-JAN-13

28-FEB-13

31-MAR-13

30-APR-13

31-MAY-13

30-JUN-13

31-JUL-13

31-AUG-13

30-SEP-13

31-OCT-13

30-NOV-13

31-DEC-13

31-JAN-14

28-FEB-14

31-MAR-14

30-APR-14

31-MAY-14

30-JUN-14

31-JUL-14

31-AUG-14

30-SEP-14

31-OCT-14

30-NOV-14

31-DEC-14

31-JAN-15

28-FEB-15

31-MAR-15

30-APR-15

31-MAY-15

Opening

Prin. Bal.

2031530

2002924

1974044

1944887

1915451

1885732

1855729

1825438

1794857

1763983

1732813

1701200

1669286

1637069

1604546

1571714

1538570

1505432

1471972

1438187

1404194

1369868

1335206

1300205

1264861

1229171

1193132

1156740

1119991

1082883

1045411

1007572

969363

930780

891819

Prep/Adj

ROI

/Disb

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.50

11.40

11.40

11.40

11.40

11.40

11.40

11.65

11.65

11.65

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.75

11.55

EMI Months EMI

Rcble

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

Int.

Comp.

19469

19195

18918

18639

18356

18072

17784

17494

17201

16905

16462

16161

15858

15552

15243

14931

14937

14615

14290

14082

13749

13413

13074

12731

12385

12036

11683

11326

10967

10603

10236

9866

9492

9114

8584

Prin

Comp.

28606

28880

29157

29436

29719

30003

30291

30581

30874

31170

31613

31914

32217

32523

32832

33144

33138

33460

33785

33993

34326

34662

35001

35344

35690

36039

36392

36749

37108

37472

37839

38209

38583

38961

39491

Closing No Rest

Prin Ind.

2002924

1974044

1944887

1915451

1885732

1855729

1825438

1794857

1763983

1732813

1701200

1669286

1637069

1604546

1571714

1538570

1505432

1471972

1438187

1404194

1369868

1335206

1300205

1264861

1229171

1193132

1156740

1119991

1082883

1045411

1007572

969363

930780

891819

852328

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

of 4



Tran Type From Date To Date Opening

Prin. Bal.

Prep/Adj

ROI

/Disb

EMI Months EMI

Rcble

Int.

Comp.

Prin

Comp.

Closing No Rest

Prin Ind.

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Amrt

Proj

01-JUN-15

01-JUL-15

01-AUG-15

01-SEP-15

01-OCT-15

01-NOV-15

01-DEC-15

01-JAN-16

01-FEB-16

01-MAR-16

01-APR-16

01-MAY-16

01-JUN-16

01-JUL-16

01-AUG-16

01-SEP-16

01-OCT-16

01-NOV-16

01-DEC-16

01-JAN-17

30-JUN-15

31-JUL-15

31-AUG-15

30-SEP-15

31-OCT-15

30-NOV-15

31-DEC-15

31-JAN-16

29-FEB-16

31-MAR-16

30-APR-16

31-MAY-16

30-JUN-16

31-JUL-16

31-AUG-16

30-SEP-16

31-OCT-16

30-NOV-16

31-DEC-16

31-JAN-17

852328

812457

772202

731559

690525

649096

607133

564775

522018

478859

435293

391317

346927

302119

256889

211233

165147

118627

71669

24269

11.55

11.55

11.55

11.55

11.55

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

11.30

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

48075

8204

7820

7432

7041

6646

6112

5717

5318

4916

4509

4099

3685

3267

2845

2419

1989

1555

1117

675

23806

39871

40255

40643

41034

41429

41963

42358

42757

43159

43566

43976

44390

44808

45230

45656

46086

46520

46958

47400

24269

812457

772202

731559

690525

649096

607133

564775

522018

478859

435293

391317

346927

302119

256889

211233

165147

118627

71669

24269

0

Total:

5336325 2036325 3300000

Note : The Future period calculation may vary in case of any change or revision in ROI, Term, EMI, Prepayment,

Disbursement and any change in the loan terms.

This statement requires no authorisation from Housing Development Finance Corporation Limited.

Legend: 1.Tran Type -

Transaction Type

a.Amrt - Past Amortised Sets

b.Proj - Future Projected Amortisation Sets

2.Opening Prin. Bal. - Opening Principal

Balance 3.Prep/Adj/Disb - Prepayment

a.Prep - Prepayment.This will be Negative figure

b.Adj - Adjustment.This can be Positive/Negative figure

c.Disb - Disbursement.This can be Positive/Negative

figure 4.Adj - Adjustment

5.Disb - Disbursment

6.ROI - Rate of Interest-Percentage per annum

7.EMI - Equated Monthly Installment

8.EMI Rcble - EMI Receivable

9.Int. Comp. - Interest Component of EMI

10.Prin. Comp. - Principal Component of EMI

11.Closing Prin. - Closing Principal

12.No Rest Ind. - No Rest Indicator in case of Annual Rest,if any

You can see HDFC kept

charging me the higher

interest rate, which is

almost 3.5% higher than

the public sector bank

home loan rates till

clousre.

hdfc (india) home loan interest rates fraud (2017)

Economy & Finance