This is to bring to your notice that i had taken a home loan from HDFC Bank in the month of Dec, yr. 2008. for 15.5 lakhs. Now i have upgraded it with higher loan amount of 27.86 lakhs and asked for transfer of outstanding loan of approx. 14 lakhs to my new property account. However, at the time of transfer HDFC has charged me fore-closure charges of 2% on my outstanding as on date. During my discussion with the HDFC Exec it was told to me that if I am processing my application within the same branch i will not be charged any fore-closure charges but during the completion process HDFC gave me a release letter with pre closure penalty of Rs 31230/-. In essence HDFC is not at any loss because i have converted the previous outstanding into new loan and not only that i have also the vendor who has purchased flat from me has also taken loan from HDFC LTD. Hence there is no reason why HDFC Limited should charge me pre closure charges