Conversion Options to Reduce Your Interest Rate

We offer our existing customer the option to reduce the applicable rate of interest on the loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply.

To avail of our conversion facility and to discuss the various options available request you to send us an email on customer.service@hdfc.com

The following options of conversion are available to an existing customer of HDFC:

1. Switch To A Lower Interest Rate In The Adjustable Interest Rate Option:
   HDFC offers you an option to convert your existing adjustable rate to HDFC's current adjustable rate by effectuating a change in the spread as indicated in the loan agreement.
   
   In case of a partly disbursed loan, the fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or ₹5000 plus applicable taxes, whichever is lower. (Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding or ₹5000 plus applicable taxes, whichever is lower.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   For Housing Loans where Company/Sole Proprietorship Concern/ Partnership Firm or an HUF is added as a Co-Applicant/s to the loan, the fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or ₹15,000 plus applicable taxes, whichever is lower
   
   
2. Switch From Fixed Interest Rate Option To The Adjustable Interest Rate Option:
   HDFC offers you an option to convert from a Fixed Interest Rate Option to the Adjustable Interest Rate Option for the balance term of the loan.
   
   In case of a partly disbursed loan, the fee payable to avail the conversion shall be 1.75% plus applicable taxes of the principal outstanding plus the undisbursed loan amount.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   In case of a fully disbursed loan, the fee payable to avail the conversion shall be 1.75% plus applicable taxes of the principal outstanding.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   Please note that this option is not available to customers currently under the Fixed First Loan products.
   
   
3. Switch To A Lower Interest Rate In A Dual Rate Loan Option:
   HDFC offers you an option to convert your existing rate to HDFC's current rate.
   
   In case of a partly disbursed case the fees payable to avail such change shall be 0.25% plus applicable taxes of the principal outstanding plus the undisbursed amount or ₹5000 plus applicable taxes, whichever is lower.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   In case of a fully disbursed loan, the fee payable to avail such change shall be 0.25% plus applicable taxes of the principal outstanding or ₹5000 plus applicable taxes, whichever is lower.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   For Housing Loans where Company/Sole Proprietorship Concern/ Partnership Firm or an HUF is added as a Co-Applicant/s to the loan, the fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or ₹15,000 plus applicable taxes, whichever is lower
   
   
4. Switch From TruFixed Loan Product (During The Period Of Initial Rate Of Interest) To The Adjustable Interest Rate Option:
   Under this product, during the fixed tenor, you have the option to convert to an adjustable rate product on payment of an upfront conversion fee of 1.75% of the principal outstanding plus the undisbursed amount plus applicable taxes.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)

We offer our existing customer the option to reduce the applicable rate of interest on the loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply.

To avail of our conversion facility and to discuss the various options available request you to send us an email on customer.service@hdfc.com

The following options of conversion are available to an existing customer of HDFC:

1. Switch To A Lower Interest Rate In The Adjustable Interest Rate Option:
   HDFC offers you an option to convert your existing adjustable rate to HDFC's current adjustable rate by effectuating a change in the spread as indicated in the loan agreement.
   
   In case of a partly disbursed loan, the fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding plus the undisbursed loan amount.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.
   
   In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   
2. Switch From Fixed Interest Rate Option To The Adjustable Interest Rate Option:
   HDFC offers you an option to convert from a Fixed Interest Rate Option to the Adjustable Interest Rate Option for the balance term of the loan.
   
   In case of a partly disbursed loan, the fee payable to avail the conversion shall be 1.75% plus applicable taxes of the principal outstanding plus the undisbursed loan amount.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   In case of a fully disbursed loan, the fee payable to avail the conversion shall be 1.75% plus applicable taxes of the principal outstanding.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   Please note that this option is not available to customers currently under the Fixed First Home Loan products.
   
   
3. Switch To A Lower Interest Rate In A Dual Rate Loan Option:
   HDFC offers you an option to convert your existing rate to HDFC's current rate.
   
   In case of a partly disbursed case the fees payable to avail such change shall be 0.25% plus applicable taxes of the principal outstanding plus the undisbursed amount.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   In case of a fully disbursed loan, the fee payable to avail such change shall be 0.25% plus applicable taxes of the principal outstanding.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)
   
   For Plot Loans where Company/Sole Proprietorship Concern/ Partnership Firm or an HUF is added as a Co-Applicant/s to the loan, the fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding plus the undisbursed loan amount orRs.15,000 plus applicable taxes, whichever is lower
   
   
4. Switch From TruFixed Loan Product (During The Period Of Initial Rate Of Interest) To The Adjustable Interest Rate Option:
   Under this product, during the fixed tenor, you have the option to convert to an adjustable rate product on payment of an upfront conversion fee of 1.75% of the principal outstanding plus the undisbursed amount plus applicable taxes.(Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.)