Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I convert my loan from fixed rate loan to floating rate loan & vice versa?

April 26, 2017convert fixed floating loan rate versa

0

Posted

Can I convert my loan from fixed rate loan to floating rate loan & vice versa?

1 Answer

0

Posted

Yes, you can convert floating rate home loan into a fixed rate one with no extra charges. However, to convert a fixed rate product to a variable rate product, most banks will charge a small fee. The swap can be done any number of times and at any point of time.