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If a loan is partly disbursed and earlier rate is linked to I-Base, which benchmark (I-Base OR MCLR) would be applicable for subsequent disbursements?

All existing loans linked to the I-Base Rate will continue till its repayment. All existing borrowers will, however, have the option to shift to the MCLR linked loan at mutually acceptable terms

 

Thus, in case of partly disbursed loan, for subsequent disbursements, the I-Base benchmark rate will continue to be applicable, provided the borrower does not exercise the option to move to the MCLR linked loan at mutually acceptable terms