16.4.2 Interest Rate Fixing Advice to Borrower for Renewed Drawdown

Similarly, you can send an Interest Rate Fixing Advice to the borrowing customer when you renew a drawdown loan. All the details available for the above advice are included in this advice also. The advice has the date on which the drawdown is due for renewal.

In addition, the advice is generated on the renewal date. This gets precedence over the advice generated on the day the drawdown is due for a renewal.