Request received - loud & clear!
Returning you to where you were...
When you transfer your existing home loan to another type of home loan within the same the bank, it is known as Home Conversion Loan. By paying a conversion fee, you can move to a different or based on your needs to a more competitive and affordable housing loan.
Bank | Interest Rate | Best for |
---|---|---|
SBI | 7.35% p.a. onwards | Low-interest rate and no prepayment charges |
HDFC | 7.50% p.a. onwards | Competitive conversion fee |
Axis | 7.75% p.a. onwards | Low conversion fee |
Bank of Baroda | 6.85% p.a. onwards | Low conversion fee |
You’ll need to visit the nearest branch of the said bank to change from to a lower rate of interest on home loans.
In the floating rate of interest, the interest rate can increase or decrease based on market conditions while in the fixed rate of interest, the interest rate remains static throughout the loan tenure irrespective of market conditions.
Home loans are usually accompanied by the below charges:
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.