Yes, it all depends upon Financial Institute you are approaching for loan. Some banks don't charge at all for siwtching from Floating to Fixed or vice versa, but it also depends on case-to-case. Not sure whether its a good idea to go for Floating over Fixed in today's world. I took loan(floating) ~ 2002, @ 10.75%...it went down till 8.5%...but now it has touched 11% agn. Also its understood that Bank hold the rights to change rates irrespective of Fixed/Floating, one can not gurantee. Some banks started offering n% for LIFE-TIME! But again need to look into the depth of terms and conditons.
