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What is the impact as my floating rate loan is fully disbursed?

April 26, 2017disbursed floating fully impact loan rate

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What is the impact as my floating rate loan is fully disbursed?

2 Answers

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In case of existing disbursements the new FRR/PLR/IHPLR will be applicable from the next reset date i.e. August 01, 2008/ October 01, 2008 as applicable.

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In case your loan is fully disbursed, the rate of interest on your loan will be reduced by 50 basis points (0.5%). The new FRR/PLR/IHPLR will be applicable from the next reset date i.e. July 01, 2009.