Axis Bank Ltd.

Axis Bank, a private sector lender has trimmed home loan rate by up to 0.30% for its borrowers. Under the new rates, which are effective from May 16, the rate of home loans under Rs 30 lakh by salaried borrowers has been cut by 0.30 per cent to 8.35 per cent.

Besides, the bank has reviewed and retained the Marginal Cost of Funds based Lending Rate (MCLRs) at the same level across tenors with effect from May 18, 2017.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.