Axis Bank realigns home loan rates; introduces new slab

Mumbai: Country's third largest private lender Axis Bank Tuesday introduced a new slab for its home loan borrowers with offers starting at 9.60 percent onward.

The newly introduced slab is for loans up to Rs 28 lakh, an official spokesperson of the bank said.

For salaried borrowers, the home loans will come at 9.60 percent, which is only 0.10 percent over its revised base rate of 9.50 percent, he said.

The non-salaried class will get home loans at 9.65 percent, he added.

The rates compare with rival ICICI Bank and HDFC's offerings, which have been revised in the past two days, and are a shade expensive than SBI's offering.

State Bank of India's best offering for women is 9.50 percent, while the same for other borrowers is 9.55 percent.

Non-bank lender HDFC, which also announced a rate cut yesterday, is on par with ICICI Bank's 9.60 percent for women and 9.65 percent for others.