Axis Bank Home Loan Eligibility Criteria

Age of the Applicant

18 to 70 years

Eligible Salary

25,000 per month and above

Work Experience for Salaried

3 years and above

Maximum tenure

30

Minimum CIBIL Score

650

Maximum Loan on Property Value

Up to 90%

Eligibility with Co-applicant

Up to 3 earning family members may be added to get higher loan eligibility

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Axis Bank Home Loan Eligibility

Axis Bank is one of the largest private sector banks in India. Established in the year 1993, the bank offers various loan products to its esteemed clients and patrons. The Home Loans at Axis Bank are provided at the most competitive rates of interest that make sure to meet all your requirements. The processing fee charged by Axis Bank is also nominal. There are zero pre-closure and partial prepayment charges levied by the Axis Bank on floating rates based loans. Most of the people prefer Axis Bank over others due to its comprehensive loan offering and good customer service. It is very easy to avail the Home Loan from Axis Bank. The entire loan procedure at Axis Bank is simple and customer friendly too. You can apply online or visit any of the Axis Bank branches to apply for the Home Loan.

Axis Bank Home Loan

Buying a home is one of the biggest decisions in anyones life. There are so many emotions attached to buying a home. There are many types of loan available in the market that helps an individual to buy the desired house even during a financial crunch.

A range of banking solutions and products are provided by Axis Bank to meet all the requirements of the customer. Axis Bank is very popular of its attractive loan offers and good interest rates.

Following are some features of Axis Bank that give it an edge over its competitors:

  • Axis Bank offers very affordable interest rates starting at 8.90% per annum
  • Axis Bank gives its customers the flexibility to choose the desired loan tenure (that goes up to 30 years).
  • The Home Loan procedure at Axis Bank is very fast and simplified too. The Home Loans are available for both self-employed persons and salaried employees.

Axis Bank Home Loan Eligibility Criteria

Axis Bank Home Loan Eligibility Based on Age

Age: One of the most important factors that determine the loan eligibility of an applicant is Age. The lower the age of the applicant the higher are the chances of their Home Loan application getting approved as the overall period to repay the loan is greater. The applicant should be of minimum 21 years when applying for the Home Loan at Axis Bank. The maximum age of the borrower at loan maturity should not be above 60/65 years (for salaried/self-employed). The Axis Bank provides Home Loan for the maximum tenure of 30 years. It is preferable that the maximum age of the borrower at the time of applying for the Home Loan should not be above 30 years to get better loan terms.

Axis Bank Home Loan Eligibility Based on Salary

Net Income: The bank also takes into consideration the net take-home salary while reviewing the Home Loan application. The net take-home salary is the salary received after deducting PF, ESI, and gratuity. The net takes home salary helps the bank to estimate the capacity of an applicant to pay the monthly EMIs after meeting the current expenses and lifestyle. It is recommended to pay all current short-term loans with high EMI to increase the Home Loan eligibility at Axis Bank. The minimum monthly income of the applicant should not be less than 8,000 to be eligible for Axis Bank Home Loans.

The nature of employment of an applicant is also considered as it helps the bank to determine the income stability of an individual. The Axis Bank will check whether you are a self-employed individual or a salaried employee. The years of work/business experience of an individual is also taken into consideration. The minimum experience of 2 years is must for salaried employees and for the self-employed individual it is 5 years.

Axis Bank Home Loan Eligibility Based on the Value of the Property

Value of Property: The entire property value will not be financed by Axis Bank. The maximum Home Loan eligibility of an individual depends upon the value of the property as given in the table below:

Co-applicant: Adding a co-applicant while applying for the Home Loan is very beneficial as it will increase the repayment capacity of an applicant. The co-applicant must have a good credit score and stable income with limited obligations.

Property Documents: All the property documents must be clear and meet all the norms of the legal team of Axis Bank.

Axis Bank Home Loan Eligibility Based on Minimum CIBIL Score

CIBIL Score: The CIBIL Score plays an important role in determining the Home Loan eligibility of an individual. The credit behaviour and payment track record are mentioned in the CIBIL score. The CIBIL score is the most important factor and thus, a complete look at the CIBIL report is done before approving the loan. Higher the credit score of an applicant the greater are the chances of the applicant to get the Home Loan application approved. The minimum credit score of 550 and above is must to be eligible for the Home Loan from Axis Bank.

Following are the factors that can affect the credit score of an applicant:

  • Late payments: The delayed payments of the existing and past loans can lower your credit score thereby, reducing your chances of getting your Home Loan application approved by Axis Bank.
  • Late payments: A high number of unsecured loans: It is must to have a right balance of secured and unsecured loans. Having more unsecured loans can reduce your credit score as it shows the sign of financial stress.
  • Usage of credit limit: The payment of Credit Card bills and the use of a Credit Card limit also affect your credit score. Frequent withdrawals with exceeding Credit Card limit show the credit indiscipline by the applicants and can considerably lower your CIBIL score.
  • Multiple loan applications: The applicant must not apply for the Home Loans at multiple banks as it can affect their CIBIL score. If the Home Loan application at Axis Bank is rejected, it is advised to improve your creditworthiness and then apply for the Home Loan again.

Axis Bank Housing Loan Eligibility Based on FOIR

All the fixed obligations such as current EMIs, rent, and so on and the fixed monthly income of an applicant are taken into account by Axis Bank to calculate your Home Loan eligibility. FOIR (Fixed Obligation to Income Ratio) is one of the most important parameters that determine Home Loan eligibility of an applicant. The minimum FOIR of 0.65 is must to be eligible for the Home Loan at Axis Bank. Most of the banks do not provide Home Loans to the applicants with lower FOIR. It is, however, recommended to check the Home Loan eligibility online with the help of Home Loan eligibility calculator to get the better idea of the Home Loan amount.

Types of Axis Bank Home Loans

Axis Bank offers a huge variety of housing loans mentioned below:

Axis Bank Home Loan

  • This loan is for buying a home of your own
  • The loan has many benefits like smaller EMI amount, long tenure, attractive interest rate, an application process, doorstep service, and so on.

Who is Eligible?

  • All salaried individuals, self-employed individuals, and self-employed professionals
  • Minimum age of the applicant should not be less than 21 years
  • Maximum age of salaried applicants at loan maturity must be 60 or superannuation (whichever is earlier).
  • Maximum age of self-employed individuals as well as professionals must be 65 years at loan maturity.

Key Loan Terms

  • Minimum loan amount: 3 Lakhs
  • Loan is sanctioned in 5 days after submitting of all relevant documents
  • Maximum tenure of the loan: 30 years
  • Maximum loan-to-value (LTV): 85%

Shubh Aarambh Home Loan

  • This loan is for purchasing a home of your own or extension/renovation/repair of an existing house.
  • This scheme offers the benefit of interest subsidy under PMAY scheme
  • Quick and easy disbursal with minimum documentation

Who is Eligible?

  • All salaried individuals, self-employed individuals, and self-employed professionals
  • Minimum age: 21 years
  • Maximum age for salaried individuals: 60 or superannuation (whichever is earlier)
  • Maximum age for self-employed individuals and professionals: 65 years

Key Loan Terms

  • For maintaining a clean repayment record, you get a waiver of 12 EMIs
  • Minimum loan amount: 1 Lakh
  • Maximum loan amount: 30 Lakhs
  • Maximum tenure of the loan: 30 years
  • The Home Loan should be live for minimum 48 months
  • Maximum LTV is 85%

Power Advantage Home Loans

  • These loans let you control your interest outflow on Home Loans and can be availed to purchase a home/plot of your own or extension/renovation/repair of an existing house.

Who is Eligible?

  • ll salaried individuals, self-employed individuals, and self-employed professionals
  • Minimum age: 21 years
  • Maximum age for salaried individuals: 60 or superannuation (whichever is earlier)
  • Maximum age for self-employed individuals and professionals: 65 years

Key Loan Terms

  • The interest rate remains fixed for the initial 2 years of tenure
  • Interest subsidy for eligible PMAY applicants
  • Minimum loan amount: 3 Lakhs
  • Maximum loan repayment tenure: Up to 30 years

QuickPay Home Loans

  • This loan helps you repay higher principal earlier during the loan tenure
  • Your monthly EMIs reduce every month which helps you make huge savings on interest
  • This loan can be availed to purchase a home/plot of your own or extension/renovation/repair of an existing house.

Who is Eligible?

  • ll salaried individuals, self-employed individuals, and self-employed professionals
  • Minimum age: 21 years
  • Maximum age for salaried individuals: 60 or superannuation (whichever is earlier)
  • Maximum age for self-employed individuals and professionals: 65 years

Key Loan Terms

  • Minimum loan amount: 3 Lakhs
  • Maximum loan repayment tenure: 30 years

Asha Home Loan

  • This Home Loan availed to purchase a readymade house or a house under construction or a property that is put up for resale.
  • The Home Loan is customised as per the requirements with better settlement options
  • The Home Loans are designed such as the rates of interest are affordable and the loan transfer facility is hassle-free.

Who is Eligible?

  • All salaried individuals and self-employed businessmen with a minimum income of 8,000 per month or above.

Key Loan Terms

  • For maintaining a clean repayment record, you get a waiver of 12 EMIs
  • Maximum loan amount: 28 Lakhs
  • The housing loan is available for people aged between 21 years to 60/65 years (for salaried/self-employed).
  • The maximum tenure of the Home Loan is 30 years
  • Maximum LTV: 90%

Empower Home Loan

  • This is a housing loan availed to purchase a readymade/ under construction house. It can also be used for repair and renovation of the existing house.
  • The Home Loans are designed such as the rates of interest are affordable
  • Loan transfer facility is hassle-free
  • The prepayment charges are nil for the Home Loan with Axis Bank

Who is Eligible?

  • All the individuals who are residents of India, self-employed professionals and also the non-professionals are eligible for this loan.
  • The individuals who dream to purchase their own house or a house under construction are eligible for this loan.
  • The housing loan is available for people aged between 21 years to 60 years

Key Loan Terms

  • Get 3 rate reductions on Home Loans on maintaining a good repayment record for 24/36/60 months.
  • The maximum principal loan amount that one can borrow ranges from 10 Lakhs to 1.5 Crores.
  • The maximum tenure of the Home Loan is 15 years

Super Saver Home Loan

  • These housing loans give you an option to park your surplus funds that will reduce the interest payable on the housing loan to a particular level of fund that is parked with an option to withdraw the amount at any given time.

Who is Eligible?

  • All those borrowers who want to save the interest on their Home Loan amount that they pay towards their Home Loan by saving the additional funds into Super Saver Account.
  • The housing loan is available for people aged between 21 years to 60/65 years

Key Loan Terms

  • Minimum loan amount: 50 Lakhs
  • Maximum tenure: 20/22 years (for fully/partially disbursed cases)

Fast Forward Home Loan

  • This Home Loan provides quick and easy loan disbursal with minimum documentation
  • Get 12 EMIs waiver for servicing the loan for more than 10 years
  • The loan comes with benefits like quick and transparent loan processing, doorstep service, and so on.
  • This loan can be availed to purchase a home/plot of your own or extension/renovation/repair of an existing house.

Who is Eligible?

  • All salaried, self-employed, and professionals
  • Applicant must have a clean repayment record
  • The housing loan is available for people aged between 21 years to 60/65 years

Who is Eligible?

  • For maintaining a clean repayment record, you get a waiver of 12 EMIs
  • Minimum loan amount: 30 Lakhs.
  • Maximum repayment tenure: 30 years.
  • Home Loan should be live for minimum 10 years.

Top Up Home Loan

  • This is a type of Home Loan that is availed in case of construction of a residential or commercial property and also for personal and business needs.
  • The rates of interest charged are affordable

Who is Eligible?

  • All existing Home Loan customers (salaried and self-employed both) of Indian residence and NRIs
  • In case of existing customers of the Axis Bank Home Loan, the loan can only be availed after 6 months of clear repayments and there should be maximum one EMI bounce in the previous one year.
  • In case of balance transfer of housing loan from another bank, it is approved only if the applicant has one year of clear loan repayment history.

Key Loan Terms

  • The housing loan is available for people aged between 21 years to 60/65 years
  • Maximum loan amount: 50 Lakhs
  • The tenure for the Home Loan repayment is maximum of up to 30 years

Pradhan Mantri Awas Yojana (PMAY)

  • PMAY (Urban) provides interest subsidy on Home Loans to eligible beneficiaries of EWS, LIG and MIG segments for construction or purchase of a home.

Who is Eligible?

  • All salaried or self-employed professionals and self-employed individuals
  • The maximum household income of the applicant should be 6 Lakhs (for EWS-LIG), 6-12 Lakhs (for MIG-I) and 12-18 Lakhs (for MIG-II).
  • Ownership of woman for the house is necessary for EWS-LIG category borrowers

Key Loan Terms

  • The maximum tenure for the subsidy of up to 20 years
  • The maximum subsidy amount that can be availed is up to 2.30 Lakhs

Documentation Required for Axis Bank Home Loan

Following documents are required for applying for Axis Bank Home Loan:

For Salaried Employees

  • Duly filled application form for Axis Bank Home Loan
  • 2 photographs of the applicant in passport size
  • Identity Proof: Passport/ PAN Card/ Aadhaar Card/ Voter ID/ Driving License/ Government Employee ID/ GOI issued Photo ID (any one)
  • Address Proof: Aadhaar Card/ Voter ID/ Driving License/ Government Employee ID/ GOI issued Photo ID/ Gas Bill/ Telephone Bill/ Electricity Bill/ Property Tax Receipt (any one)
  • Date of Birth Proof: Birth Certificate/ SSC Marksheet/ Passport/ PAN Card/ Aadhaar Card/ Driving License (any one)
  • Poof of Signature: Passport/ Bankers Verification/ PAN Card/ Notarised affidavit with ID and Address proof (any one)

Income Proof for Indian Resident Salaried Individuals:

  • Last 3 months salary slip
  • Last 6 months pay slip or 2 years bonus proof (for variable pay cases)
  • Bank statement for last 6 months showing salary credits
  • Form 16 of last 2 years or employment continuity proof

Income Proof for NRI Salaried Individuals:

  • Last 3 months salary slip
  • Appointment letter or contract letter
  • Continuous Discharge Certificate (for Shipping cases)
  • 6 months Domestic NRE/ NRO account statement
  • 6 months international salary account statement
  • Valid copy of Visa/ OCI card
  • A copy of Passport
  • Overseas credit report
  • POA details

Documents for Balance Transfer or Takeover of Home Loan from Other Lender

  • Loan account statement for 12 months with latest outstanding letter
  • Details of existing loan(s) and bank statement for 6 months from where EMI is deducted

Documents for Lease Rental Discounting

  • Last 6 months bank statement where rent is credited
  • Registered valid lease agreement(s)
  • 2 years ITR, P&L, Computation of Income, Balance sheet with CAs seal and sign
  • 1 year 26 AS
  • For Partnership Firm - 2 years audited financials, KYC, operative account, partnership authority letter, partnership deed

Other Documents:

  • Completely filled & duly signed application form with latest passport size photo of all applicants
  • Aadhaar Card (mandatory for PMAY applicants)
  • PAN Card (mandatory for financial applicants)
  • Processing fee & CERSAI cheques
  • Borrowers self-attestation on all submitted documents

For Self-Employed

  • Duly filled application form for Axis Bank Home Loan
  • 2 photographs of the applicant in passport size
  • Identity Proof: Passport/ PAN Card/ Aadhaar Card/ Voter ID/ Driving License/ Government Employee ID/ GOI issued Photo ID (any one)
  • Address Proof: Aadhaar Card/ Voter ID/ Driving License/ Government Employee ID/ GOI issued Photo ID/ Gas Bill/ Telephone Bill/ Electricity Bill/ Property Tax Receipt (any one)
  • Date of Birth Proof: Birth Certificate/ SSC Marksheet/ Passport/ PAN Card/ Aadhaar Card/ Driving License (any one)
  • Poof of Signature: Passport/ Bankers Verification/ PAN Card/ Notarised affidavit with ID and Address proof (any one)

Income Proof:

  • Last 2 years ITR, P&L, Computation of Income, Balance sheet with CAs seal and sign
  • For Asha Home Loan: 1 years ITR, P&L, Computation of Income, Balance sheet with CAs seal and sign
  • Tax Audit Report (for Gross Turnover exceeding 1 Crore or Gross Receipts exceeding 25 Lakhs)
  • Last 6 months bank statements of personal as well as business accounts
  • CPC and tax paid challan (If ITR is filed without a digital sign)
  • Last 3 years business continuity proof

Documents for Balance Transfer or Takeover of Home Loan from Other Lender

  • Loan account statement for 12 months with latest outstanding letter
  • Details of existing loan(s) and bank statement for 6 months from where EMI is deducted

Documents for Lease Rental Discounting

  • Last 6 months bank statement where rent is credited
  • Registered valid lease agreement(s)
  • 2 years ITR, P&L, Computation of Income, Balance Sheet with CAs seal and sign
  • 1 year 26 AS
  • For Partnership Firm - 2 years audited financials, KYC, operative account, partnership authority letter, partnership deed

Documents for Partners in a Firm

  • Partnership Deed, NOC in Axis Bank format, List of Partners
  • Audited ITR for partnership firm along with complete financials
  • Partnership authority letter on Firms letterhead signed by all partners (if Firm stands as guarantor)

Documents for Directors in a Company

  • For the company - 2 years ITR, P&L, Computation of Income, Balance Sheet with CAs seal and sign
  • Tax Audit Report (for Gross Turnover Exceeding 1 Crore or Gross Receipts exceeding 25 Lakhs)
  • Board Resolution as per Axis bank format (if Company is applicant)
  • Certificate of Incorporation, AOA, and MOA
  • DIN of all Directors
  • Board Resolution if Company (in Axis bank format)
  • Latest Share Holding Pattern signed by Company secretary or List of Directors

Other Documents:

  • Completely filled & duly signed application form with latest passport size photo of all applicants
  • Aadhaar Card (mandatory for PMAY applicants)
  • PAN Card (mandatory for financial applicants)
  • Processing fee & CERSAI cheques
  • Borrowers self-attestation on all submitted documents
 

Features and Benefits of Axis Home Loans

There are a number of attractive features and benefits on Axis Bank Home Loans. Some of the features are:

  • Low and Affordable Rates of Interest: Axis Bank offers attractive and affordable rates of interest on all its Home Loan schemes starting at 8.90% p.a. This enables a borrower to make EMI payments on Home Loans in a convenient manner.
  • Flexible Interest Rate:  Based on the macroeconomic conditions, customers can take an informed decision depending on the interest rate trends and opt for either fixed rate of interest or floating rate of interest as per their choice and research.
  • Balance Transfer:  Option to transfer outstanding Home Loan balance from other bank/NBFC/HFC to Axis Bank with a top-up facility in a convenient and hassle-free manner.
  • ersonalised Service:  Axis Bank provides assistance on Home Loans directly at the customer's home or office thereby saving a lot of time and effort of a customer during the application process. Axis Bank assigns you a relationship manager throughout the entire duration of the loan to resolve any of your queries.
  • No Prepayment Fees:  Customers who wish to pay out their Home Loans (with floating interest rates) well in advance before the loan tenure gets over can do so without any prepayment charges. For fixed interest Home Loans, the bank charges 2% of principal outstanding.
  • Simple and Easy Processing:  Axis Bank has an easy, simple, and thorough application process so that a customer gets to know all the terms and conditions of the Home Loan. There is complete transparency during the entire process.
  • Long Tenure Periods:  Axis Bank offers Home Loans with tenures as long as 30 years. This entails that customer's pay lower EMI every month and can have surplus money every month for other purposes.

Why Apply for Axis Bank Home Loan on MyMoneyMantra?

MyMoneyMantra offers an easy and online way to apply for the Axis Bank Home Loan. MyMoneyMantra has all the information on various types of loans, terms, and conditions, advantages of various loans and so on. Some of the major benefits of applying for an Axis Bank Home Loan through MyMoneyMantra are:

  • Easy Comparability: MyMoneyMantra is an online platform to compare interest rates and the terms offered by numerous banks and NBFCs. Customers can compare offers from various banks and then choose the right kind of loan that suits them. In addition, MyMoneyMantra has a 24-hour customer care service that helps applicants make informed decision and solve all their queries on a real-time basis.
  • No Fees or Charges for Customer Assistance: There are NIL fees or charges levied by MyMoneyMantra for its services to Home Loan applicants. An applicant can access a vast online database and take a decision after studying all options at no additional cost.
  • Hassle-free Process: MyMoneyMantra has a very user-friendly interface that makes accessing information and applying for Home Loans very easy with its simplified procedure. This helps customers to save a good amount of time and efforts as well without having to browse through the websites of various banks.
  • Data Security: Data provided by applicants at MyMoneyMantra is secure and confidential to its best. It is risk free to apply for a Home Loan at MyMoneyMantra.

FAQs on Axis Bank Home Loan Interest Rates

What is the process to avail Axis Bank Home Loan?

The procedure to take a Home Loan from Axis Bank is user-friendly. All that you need to do is to apply for a housing loan at MyMoneyMantra website online. Your Home Loan application will be processed and taken care online and then a representative of the Axis Bank will contact you to start the process of availing a housing loan. Further, MyMoneyMantras personal Home Loan advisor will assist and direct you to the Home Loan process. You will be advised with the most suitable Home Loan as per your needs. The advisor will further help you to get all the necessary documents collected and also start the process by checking the CIBIL score, valuation of your property, your eligibility and also the technical and legal details of your property.

Why should I choose for a transfer of balance to Axis Bank Home Loan?

Axis Bank offers very affordable and competitive interest rates on Home Loans with a lowest EMI of 797 per 1 Lakh that is availed at a rate of interest at 8.90% for a maximum duration of 30 years. If you are paying an EMI higher than this, then you should choose for a balance transfer to Axis Bank.

What is the maximum loan period one can opt under Axis Bank?

Under Axis Bank, the maximum Home Loan period that one can opt for is 30 years.

4.Do I get an income tax benefit on Home Loan from Axis Bank?

Yes, you are entitled to get a tax benefit on Home Loan from Axis Bank under the Indian Income Tax Act of 1961. The residents of India can get a tax benefit on the principal amount and also the interest component of the Home Loan that is covered under section 80C and section 24 of the Income Tax Act, 1961.

Can I foreclose the housing loan with Axis Bank? What are the charges that are applicable for the same?

Yes, you can foreclose the housing loan with Axis Bank at zero charges (for floating interest rate) and at 2% foreclosure charges on principal outstanding amount (for fixed interest rate).

What is the standard benchmark that is applicable for Home Loan with Axis Bank?

The standard benchmark that is applicable for housing loan with Axis Bank is 6 months MCLR.

How does part pre-payment affect the Axis Bank housing loan EMI?

Part pre-payments help you to reduce the outstanding loan amount which will also lower the interest amount that is outstanding.

How to increase my Home Loan eligibility?

In case, your spouse or any family member is earning regular income, they can be co-applicant for the Home Loan and hence the combined income will also increase your loan eligibility.

Do I need a co-applicant to avail a housing loan? If yes, then who can be the prospective co-applicants?

You need to have a co-applicant when applying for a Home Loan and in case you are a single owner of the property then any member of your family can be a co-applicant. However, in case there is a co-owner then he/she can be a co-applicant.

Am I eligible for a top up on my existing housing loan with Axis Bank?

Axis Bank allows you to top up your current housing loan on more than 30% of the existing amount at housing loan interest rates only.

Axis Bank Home Loan News

2018-12-18: Axis Bank hikes its housing loan balance transfer rates

Axis Bank has hiked its rate of interest for housing loans balance transfer and the latest rate is 8.90% which is raised by 5 basis points in case of principal amount of the loan above 30 Lakhs.

2018-12-14: Axis Bank QuickPay housing loan offer reduces the overall interest outgo

In order to help the housing loan customers to enjoy an overall reduced interest outgo and the value or cost on their Home Loan, Axis Bank has launched a new housing loan product, QuickPay. The new product offers a repayment structure in which the borrower pays an equal amount of principal every month along with the interest on the outstanding balance which results in reduced and affordable monthly EMIs.

2018-12-13: Axis Bank offers a housing loan with higher principal repayment component to its customers

Axis Bank supports the borrowers who want to avail a housing loan by offering its new customers an alternative to decrease their principal loan amount on a monthly basis. The new housing loan product will reduce total interest burden on the customer by introducing a unique concept of decreasing the monthly instalments along with the savings.

2018-12-13: New housing loan product launched by Axis Bank

Recently, Axis Bank has launched of a new housing loan product named as QuickPay Housing Loan. Its main goal is to help the house buyers to save the interest component on their housing loan. It offers a repayment structure in which the borrower repays an equal amount of principal every month along with the interest on the outstanding amount which results in reduced monthly instalments.

2018-11-19: Axis Bank increases its MCLR rate up to 15bps which leads to hike in the housing loan rates

The bank has hiked its lending interest rates by up to a marginal 0.15% points across all period of loans. The revised rates are effective from 17th November 2018. Presently, the one-year MCLR is at 8.80% and six month MCLR at 8.70%.

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