HDFC is inappropriate in charging the prepayment charges of 2.25%. It is against the RBI guidelines. It's a two way loot of the existing HDFC Home Loan customers i.e. either they keep on paying the high interest rates or pay illegal ransom in form of Prepayment penalty for shifting to better rates offered by other banks. When interest rates were increased by RBI then HDFC use to increase the rates by more % than what RBI hiked and when it comes to reducing the rates they keep mum. In last one year RBI has reduced interest rates by 4%... read full review »