First RBI disappointed, now HDFC gave a blow, made loans expensive, know how much your EMI will increase

HDFC HOME LOAN: RBI ONCE AGAIN DISAPPOINTED PEOPLE BY NOT CUTTING THE REPO RATE. At the same time, the country's largest private bank has given a big blow to its customers. HDFC Bank has increased the MCLR rate on loans for certain periods. The MCLR rate has been increased by 0.05 percent.

HDFC Home Loan EMI: The RBI once again disappointed people by not cutting the repo rate. At the same time, the country's largest private bank has given a big blow to its customers. HDFC Bank has increased the MCLR rate on loans for certain periods. The MCLR rate has been increased by 0.05 percent. After this setback of the bank, the loan rate for the overnight period has increased from 9.15 per cent to 9.20 per cent. The new rates have been implemented from December 7.

Shock to HDFC Bank customers

The bank has increased the interest rates for overnight period from 9.15 per cent to 9.20 per cent. This decision of the bank will affect the EMI of customers taking home loans, car loans from HDFC. Increasing the MCLR increases the interest rates of floating loans, which in turn increases the EMI of existing customers. Explain that the bank has only changed the overnight MCLR. The loan rates for the rest of the period have been kept stable. The increase in the MCLR rate increased the interest rates of home loans, car loans, personal loans of existing customers. At the same time, those who want to take a loan from the bank will get expensive loans.

Earlier the bank has also shocked its PayZapp

wallet users. On December 6, the bank sent a notification and informed that a charge of 2.5 percent plus GST will have to be paid for loading money from a credit card in PayZapp Wallet. However, there will be no charge for adding money to PayZapp wallet via UPI or debit card. Earlier this charge was 1.5 percent, which was increased to 2.5 percent from 6 December.

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.