HDFC is very prompt and almost the first bank to increase the rate everytime they see an opportunity. So the plot here is that they will tell you the rate is 10.75% above 30 lakh loan. If your paper looks good and branch head see that you are eligible then you will get a call or sms saying that they have reduced rate to 10.5%. You would be happy to hear that but after 3 or 6 months your rates would be increased to all time high. Poor India fellas have no option but to live with it (now with penalty of 3%).
The unilaterally decision to increase the Pre-Payment charges on home loan from 2% to 3% is another example of HDFC monopolistic attitude.