Manage your Mortgage Relationship

You can reduce the existing rate of interest of your Mortgage loan, by availing of our conversion option. By exercising this conversion option, you can either convert your existing margin to the applicable prevailing margin or you can switch from a floating rate to a fixed rate or vice versa.

You can take the benefit of the conversion facility, by paying a conversion fee of 0.5%*plus applicable goods and service tax on your outstanding loan amount if prepayment charges are applicable in the loan. If prepayment charges are not applicable in the loan then Rs 1,000 plus applicable goods and service tax will be applicable as the conversion fee. Under the conversion facility, you also have the option of either reducing your monthly installment (EMI)** and/or the loan tenure**.

To know more about the conversion facility and the applicable rate or scheme options, you can call our customer care.

You can also visit our loan servicing branch to avail the conversion facility with the following documents:

• Conversion Request Letter, click here to download the document
• Cheque/Cash for payment of conversion fees
• Identity proof of applicant and co-applicant (if applicable)

Further, please note that the signatures of the applicant and co-applicant (wherever applicable) are required on all pages of the conversion document.

*In respect of under construction case, for the partially disbursed loan amount, the conversion fees shall be calculated on the outstanding loan amount (original loan amount less loan amount repaid)

**Terms & conditions apply