Currenly I am on SBI MAX GAIN , MCLR plan with loan rate of 9.25,(8.9+.35=9.25 p.a)
My query is, since the reset happens every 1 year in SBI , will I be the beneficiary of reduced rate by Dec 2017? ( Took the loan in Dec last year) or will there be needed any follow ups from my end?
Also what is the current MCLR rate for SBI.
Cheers and Regards,