I have availed a home loan from HDFC Ltd. When I approached them for interest rate conversion in first week of September 2020, they said, pay 2950 rupees and we will reduce the interest rate to 7.45%. So, I paid.
Then towards end of September 2020 I realized I can get lower interest rate from ICICI and told HDFC to release my documents so that I can go to ICICI.
HDFC people said we will give you competitive offer as ICICI and pay conversion fee again.
So, to milk conversion fee, they will do anything!
BTW, the conversion has been excellent par . please check the attached screenshot!. The genius doing this deserves a nobel prize in Economics and Book keeping.