Need A Financial Product Forums Loans Can IDBI demand conversion charges on my home loan Can-IDBI-demand-conversion-charges-on-my-home-loan_REPLY

#47032
samkapoor77
Keymaster

Usually banks charges while reducing spread that has an impact on interest rate. Reconfirm from IDBI whether they are charging 0.5% on converting it from BPLR to base rate or for reducing the spread. As a matter of fact, conversion from BPLR to base rate is free of cost.