Axis Bank reduces home loan rates

18 May 2017

Axis Bank today announced a reduction in its home loan interest rates by 30 bps. Taking forward its commitment towards affordable housing finance, the bank has revised its rates for home loans up to Rs 30 lakh for the salaried segment to 8.35%, the lowest in the industry.
Rajiv Anand, Executive Director, Axis Bank said “There is a large, genuine and mostly unmet need for affordable housing and the government’s thrust and commitment towards this is noteworthy. The Bank has been at the forefront of fostering an ecosystem for credit delivery to this segment and believes that the current downward revision in its rates will help more people realize their dream of buying a home.” (EOIC)