Yes, in India, it is possible to switch from a fixed to a floating interest rate during the home loan tenure, subject to the lender’s policies. Most banks and housing finance companies allow this conversion on request, usually after a lock-in period.
Borrowers may need to pay a conversion or switching fee, which can be a flat charge or a percentage of the outstanding loan amount. The revised interest rate and EMI depend on prevailing market rates and the lender’s internal benchmarks. Switching can reduce EMIs when interest rates fall.
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Is it possible to switch from fixed to floating rate during the home loan tenure?
Can anyone tell me, is it possible to switch from fixed to floating rate during the home loan tenure?
Nivedita Das
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20 days
2025-12-12T09:30:02+00:00 2025-12-12T09:30:03+00:00Comment
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