I have taken a home loan from SBI MaxGain. So when I took the loan interest rate was 10.5%. Within a month the rate has got revised to 10.15%. As being floating rate scheme, I have an idea that my interest rate will also be reduced.

But SBI is explaining it in a different way . As per them my Plan is Base Rate (10%) +.5% and New Plan is Base rate (10%) +.15%. As base rate is same I am not eligible for rate change. To change the plan I have to pay some extra amount.

Is SBI right? Is this something very common with Home Loan?