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Current rates Axis Bank had reduced the home loans rate to 8.35 per cent from 8.65 per cent charged earlier for loans below Rs 30 lakh. The cut had followed a reduction in rates for home loans by riva.
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Lending majors on Thursday hiked their Marginal Cost of Funds-based Lending Rate (MCLR) by 0.10-to-0.20 per cent, making home and car and other loans expensive. Banking majors like SBI, PNB and ICICI.
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Axis Bank, the third largest private sector bank announced the launch of Super Bike Loans for 500cc & above bikes. This marks the entry of the bank into this growing and popular leisure biking segment.
“The expectation that rate cuts will happen has disappeared. We are aligning our rates with what the market is offering.” Gupta’s comment may reassure home loan borrowers concerned. Since then, HDF.
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New Delhi, May 18 (IANS) Following other prominent banks, the country’s third largest private sector lender Axis Bank on Thursday announced 30 basis points (bps) reduction in its home loan interest ra.