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Is this loan app legit? A quick check

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

Answer six questions about a loan app. Get a plain verdict and what to do next.

Based on SEC Memorandum Circulars 18 and 19 (2019). A checklist, not legal advice.

Common questions

How do I check a lender is registered?

Search its company name on the SEC website.