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Can I convert from a fixed rate of interest to a variable rate or vice versa?

April 26, 2017convert fixed rate versa

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Can I convert from a fixed rate of interest to a variable rate or vice versa?

1 Answer

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At the discretion of SCB, you have the option of changing your interest type from Fixed to Variable or vice-versa provided you pay 1.5% of the principal outstanding at the time of exercising the option.