Conversion options to reduce your interest rate

For Home Loans, Home Improvement Loans, Home Extension Loans & Rural Housing Finance :

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 Click here to allow us to call you back.

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 0.50% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or Rs.50,000 plus applicable taxes, whichever is lower.

    In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding or Rs.50,000 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 0.50% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or Rs.50,000 plus applicable taxes, whichever is lower.

    In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding or Rs.50,000 plus applicable taxes, whichever is lower.

    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 0.50% plus applicable taxes of the principal outstanding plus the undisbursed amount or Rs.50,000 plus applicable taxes, whichever is lower.

    In case of a fully disbursed loan, the fee payable to avail such change shall be 0.50% plus applicable taxes of the principal outstanding or Rs.50,000 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.

  5. Switch From TruFixed Plus 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.

  6. Switch From Existing Adjustable Interest Rate Option To Fixed Interest Rate Option Under The TruFixed Plus Loan Option:

    Under this product, you have the option to convert an existing adjustable rate product to a fixed rate under the TruFixed Plus rate product on payment of an upfront conversion fee of 1.75% of the principal outstanding plus the undisbursed amount plus applicable taxes.

For Plot Loans

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 Click here to allow us to call you back.

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 0.50% plus applicable taxes of the principal outstanding plus the undisbursed loan amount.

    In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding.

  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 0.50% plus applicable taxes of the principal outstanding plus the undisbursed loan amount.

    In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding.

    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 0.50% plus applicable taxes of the principal outstanding plus the undisbursed amount.

    In case of a fully disbursed loan, the fee payable to avail such change shall be 0.50% plus applicable taxes of the principal outstanding.

  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.

  5. Switch From TruFixed Plus 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.

  6. Switch From Existing Adjustable Interest Rate Option To Fixed Interest Rate Option Under The TruFixed Plus Loan Option:

    Under this product, you have the option to convert an existing adjustable rate product to a fixed rate under the TruFixed Plus rate product on payment of an upfront conversion fee of 1.75% of the principal outstanding plus the undisbursed amount plus applicable taxes.

For Loan Against Property & Non Residential Premises Loans

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 Click here to allow us to call you back.

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.

    The fee payable shall be 50% of the difference of the two coupon rates subject to a minimum fees of 0.50% of the principal outstanding being converted. The fee shall be up to a maximum of 1.50% of the principal outstanding being converted, plus applicable taxes.

    In case of a partly disbursed loan, the fee payable shall be on the principal outstanding plus the undisbursed loan amount.

  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.

    The fee payable shall be 50% of the difference of the two coupon rates subject to a minimum fee of 0.50% and a maximum of 1.50% of the principal outstanding being converted, plus applicable taxes.

    In case of a partly disbursed loan, the fee payable shall be on the principal outstanding plus the undisbursed loan amount.