No Internet connection

MCLR Axis Bank Ltd

Updated as on November 21, 2022

Tenor MCLR
One year 4%

The Effective Axis Bank Ltd Home Loan Interest Rates based on MCLR

Plans Women Men
Axis Bank Term Loan [ New Interest Rate effective November 21, 2022 ]
Up to 30 Lakhs
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
30 to 75 Lakhs
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
75 Lakhs to 1 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
1 Cr to 2 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
2 Cr to 3 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
Above 3Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
Asha Home Loan [ New Interest Rate effective June 06, 2022 ]
Up to 30 Lakhs
Self-Employed-Professional, Floating 10.3 % 10.3 %
Self-Employed, Floating 10.3 % 10.3 %
Salaried, Floating 9.25 % 9.25 %
30 to 60 Lakhs
Self-Employed-Professional, Floating 10.3 % 10.3 %
Self-Employed, Floating 10.3 % 10.3 %
Salaried, Floating 9.25 % 9.25 %
Axis Term Loan - SPRE Special [ New Interest Rate effective November 21, 2022 ]
Up to 30 Lakhs
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
30 to 75 Lakhs
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
75 Lakhs to 1 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
1 Cr to 2 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
2 Cr to 3 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
Above 3Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
Axis Bank ABB Scheme [ New Interest Rate effective August 22, 2022 ]
Up to 30 Lakhs
Self-Employed-Professional, Floating 8.5 % 8.5 %
Self-Employed, Floating 8.5 % 8.5 %
Salaried, Floating 7.8 % 7.8 %
30 to 75 Lakhs
Self-Employed-Professional, Floating 8.5 % 8.5 %
Self-Employed, Floating 8.5 % 8.5 %
Salaried, Floating 7.8 % 7.8 %
75 Lakhs to 1 Cr
Self-Employed-Professional, Floating 8.5 % 8.5 %
Self-Employed, Floating 8.5 % 8.5 %
Salaried, Floating 7.8 % 7.8 %
1 Cr to 2 Cr
Self-Employed-Professional, Floating 8.5 % 8.5 %
Self-Employed, Floating 8.5 % 8.5 %
Salaried, Floating 7.8 % 7.8 %
2 Cr to 3 Cr
Self-Employed-Professional, Floating 8.5 % 8.5 %
Self-Employed, Floating 8.5 % 8.5 %
Salaried, Floating 7.8 % 7.8 %
Above 3Cr
Self-Employed-Professional, Floating 8.5 % 8.5 %
Self-Employed, Floating 8.5 % 8.5 %
Salaried, Floating 7.8 % 7.8 %
Axis Term Loan - Godrej Special [ New Interest Rate effective November 21, 2022 ]
Up to 30 Lakhs
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
30 to 75 Lakhs
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
75 Lakhs to 1 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
1 Cr to 2 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
2 Cr to 3 Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
Above 3Cr
Self-Employed-Professional, Floating 8.4 % 8.4 %
Self-Employed, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
Axis Asha ABB [ New Interest Rate effective June 06, 2022 ]
Up to 30 Lakhs
Self-Employed-Professional, Floating 11.5 % 11.5 %
Self-Employed, Floating 11.5 % 11.5 %
Salaried, Floating 4 % 4 %
30 to 50 Lakhs
Self-Employed-Professional, Floating 11.5 % 11.5 %
Self-Employed, Floating 11.5 % 11.5 %
Salaried, Floating 4 % 4 %
Axis Low LTV Scheme [ New Interest Rate effective June 06, 2022 ]
Upto 40 lacs
Salaried, Floating 11.5 % 11.5 %
Self-Employed-Professional, Floating 11.5 % 11.5 %
Self-Employed, Floating 11.5 % 11.5 %
Axis IMGC Scheme [ New Interest Rate effective June 06, 2022 ]
Upto 30 lakhs
Salaried, Floating 11.6 % 11.6 %
Self-Employed-Professional, Floating 11.6 % 11.6 %
Self-Employed, Floating 11.6 % 11.6 %
Axis Term Loan - Pune (VTP & joyville) [ New Interest Rate effective November 21, 2022 ]
Upto 1 Cr
Self-Employed, Floating 8.4 % 8.4 %
Self-Employed-Professional, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
1 Cr to 2 Cr
Self-Employed, Floating 8.4 % 8.4 %
Self-Employed-Professional, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
2 Cr to 3 Cr
Self-Employed, Floating 8.4 % 8.4 %
Self-Employed-Professional, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %
Above 3 Cr
Self-Employed, Floating 8.4 % 8.4 %
Self-Employed-Professional, Floating 8.4 % 8.4 %
Salaried, Floating 8.3 % 8.3 %

Source: axisbank.com

FAQ's


Marginal Cost of funds based Lending Rate (MCLR) is a system of calculating the interest rate on loans given out by banks. MCLR has been introduced by Reserve Bank of India to make the interest rates on loans in-sync with the market conditions. Previously, Interest Rate was calculated on Base Rate system. Interest Rate = MCLR + Spread
We are still in the early stages of the MCLR system and we do not yet know if it is a good idea to switch to this system. The option of switching will only be available to people who have taken a loan before 31st March 2016 as they will continue on Base Rate. All loans taken after 1st April will be automatically given on MCLR. If you need more information on this, you can read Base Rate v/s MCLR: Should you switch your home loan to MCLR.