HDFC & LIC are the worst offenders as far as Home Loan Rates are concerned.Their executives were chasing every customer just 4 months back as if the money will dry up in the market and they were the only ones to offer Home Loans at competitive rates.The agents of LIC (the most corrupt LOT) made hay with the middle class customers who did not want the hasseles of immense paperwork required by PSU banks. So these two companies have played havoc with the customers and today in Dec.2008 they are not ready to pass on the benefit sanctioned by RBI.HDFC is even telling the existing customers to leave and goto any other money lender if they want as HDFC is in good shape as the clause of 2% penality will be good enough for them to make mullah without any efforts and the customer will have to run around in circles to complete the paperwork required for transfer of Loans. RBI should take strickter action against these companies who are still enjoying by taxing the honest tax payer and middle class customers. And RBI should modify the rules of loans grant by PSU banks to make it easier and fast to help the public.
