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Question :

What happens if the bank I have taken a loan from gets merged into another bank?

Category Loan Interview Questions
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Added on 7/14/2016
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Question :

What happens if the bank I have taken a loan from gets merged into another bank?


Answer:

If you have a loan running with your bank which gets merged with a new entity, there may be a change in interest rates for your loan. The new rates will be linked to the base rate of the bank in question. Bank will inform you much in advance before affecting any change in your loan interest rate.
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