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I have just switched my loan to fixed ROI before July 31 2008, how will the changes impact me?

April 26, 2017changes fixed impact july 31 2008 loan ROI

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I have just switched my loan to fixed ROI before July 31 2008, how will the changes impact me?

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If you have switched to Fixed Rate and have availed Full disbursement The new rates will not impact your loan If you have switched to Fixed Rate and have availed part disbursement The rate of interest on the already disbursed amount will not change. For your balance loan amount the rate applied would be as applicable at the time of disbursement. The rate of interest on the total loan will be the weighted average rate of interest.