This is why, as per the above case, I had to cancel the application and reapply it. This bank revised the BR by 0.1% on the 10th of this month. For all the clients who have not had their loans disbursed, I had to go through the trouble of reapplying on their behalf.

For example, assume that the BR for this bank is 4%

1. Any applications submitted BEFORE the 10th of January is given a rate of BR + 0.85%. At the time when BR was 4%, the effective rate for this customer is 4.85%. But the bank's BR was revised upwards by 0.1% to become 4.1%, so their effective rate became 4.95%.

So for these customers, I would cancel the application even those that have already been approved but not yet disbursed, and reapply on their behalf to get to point [2]

2. Any applications submitted ON and AFTER 10th of January is given a rate of BR + 0.75%. The BR at that date is already 4.1%, so their rate is maintained as 4.85% as I promised them.

Unfortunately, for those who have already had their loans disbursed, I cannot help already. I am so sorry guys, the BR is beyond my control     

I do what I can. I was pissed off too for the extra work, but it would be worse for the customers who would have their rate increased right after disbursement

So to keep them happy (I have about 60 cases this month), I took the trouble of rectifying it. Otherwise 60 people would be complaining to me for something beyond my control (the BR), but the ones I can control (reapply), I would do.

See? A silver lining during a storm.

after getting the ASB financing, will it difficult to apply any other loans?