subject: Home loans: Time to tap base after PLR hikes [print this page] Such borrowers are currently best placed in terms of being spared of the dilemma to choose between base rate and PLR. These loans are so structured that a pre-determined interest rate is charged in the initial years, after which it tracks the interest rates prevailing then. Therefore, once the fixed-rate period draws to a close, their loans will be automatically linked to base rate. In short, at the moment, they do not need to do anything.
