Existing loans based on the __________________ system may run till their maturity *
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Existing loans based on the BPLR System may run till their maturity .*
BPLR system
Existing loans based on the BPLR system shall run till their maturity. Provided that existing borrowers desirous of switching to the new Base Rate system, before expiry of the existing contracts shall be given an option on mutually agreed terms. Provided further that no fee is charged for such switch-over.
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