scorecardresearchAxis Bank hikes MCLR rates across tenors by 25 basis points; Here's what it means for your home loans

Axis Bank hikes MCLR rates across tenors by 25 basis points; Here's what it means for your home loans

Updated: 19 Oct 2022, 08:12 AM IST
TL;DR.
Axis Bank: Among other tenors from overnight to one-three and-six months, the new rates are in the range of 8.15 -8.30 per cent, up by 0.25 per cent each. The two year MCLR comes at 8.45 per cent and three year tenor will be 8.50 per cent.
Signage of AXIS Bank Ltd. in Mumbai, India, on Monday, Oct. 17, 2022. AXIS Bank will announce its second quarter results on Oct. 20, 2022. Photographer: Dhiraj Singh/Bloomberg

Signage of AXIS Bank Ltd. in Mumbai, India, on Monday, Oct. 17, 2022. AXIS Bank will announce its second quarter results on Oct. 20, 2022. Photographer: Dhiraj Singh/Bloomberg