Home Loan MCLR Rate

#1
I have a housing loan with mclr rate of interest. recently I have read that the mclr rate which was updated on yearly basis based on repo rate, now will change whenever the rbi revise the repo rate. I have contacted the sbi branch. They told me to fill an application along with a one time fee. Can any body explain this? Whether I have to pay service charge for this?
 
Last edited by a moderator:
Top