Wednesday , December 25 2024

First RBI disappointed and now HDFC gave a big blow, if you are paying EMI then know this special


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RBI has once again disappointed the 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 waived off the increase in MCLR rate on loans for a certain period. MCLR rate has been increased by 0.05 percent. After this shock of the bank, the loan rate for overnight period has become 9.20 percent instead of 9.15 percent. The new interest rates are effective from December 7.

Giving a big blow to HDFC Bank customers
The bank has revised the overnight interest rates from 9.15 percent to 9.20 percent. This decision of the bank will affect the EMI of customers taking home loan and car loan from HDFC. As MCLR increases, interest rates on floating loans increase. Due to which the EMI of existing customers increases. Let us tell you here that the bank has only made changes in the overnight MCLR. Loan rates are kept constant for the remaining period. Due to the increase in MCLR rate, interest rates on home loan, car loan, personal loan of existing customers have increased. At the same time, those who want to take loan from the bank will also get expensive loan now.

Shock to PayZapp wallet holders also
Before this, the bank has also shocked its PayZapp wallet users. On December 6, the bank sent a notification informing about this and said that on loading money from credit card into PayZapp wallet, a charge of 2.5 percent plus GST will be levied. However, there are no charges for adding money to PayZapp wallet via UPI or debit card. Earlier this charge was 1.5 percent. Which increased to 2.5 percent from December 6.

Let us tell you here that PayZapp is a mobile application of HDFC. With the help of this app, you can easily do online transactions, payments, bill payments etc. With the help of which everything is done from online shopping to flight ticket booking, utility bills, mobile recharge.