Axis Bank realigns home loan rates; introduces new slab

By: | Published: October 6, 2015 10:58 PM

Country's third largest private lender Axis Bank today introduced a new slab for its home loan borrowers with offers starting at 9.60 per cent onward.

Axis Bank, Axis Bank rate, Axis Bank base rate, Axis Bank base rate cut, Axis Bank cuts, rbi, raghuram rajan, raghuram rajan talks, raghuram rajan talks axis bank, axis bank latest, banking newsThe newly introduced home loan slab is for lending up to Rs 28 lakh, said Axis bank official. (PTI)

Country’s third largest private lender Axis Bank today introduced a new slab for its home loan borrowers with offers starting at 9.60 per cent onward.

The newly introduced slab is for loans up to Rs 28 lakh, an official spokesperson of the bank said.

For salaried borrowers, the home loans will come at 9.60 per cent, which is only 0.10 per cent over its revised base rate of 9.50 per cent, he said.

The non-salaried class will get home loans at 9.65 per cent, he added.

The rates compare with rival ICICI Bank and HDFC’s offerings, which have been revised in the past two days, and are a shade expensive than SBI’s offering.

State Bank of India’s best offering for women is 9.50 per cent, while the same for other borrowers is 9.55 per cent.

Non-bank lender HDFC, which also announced a rate cut yesterday, is on par with ICICI Bank’s 9.60 per cent for women and 9.65 per cent for others.

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