 "Axis Bank cuts home loan rate to stay in competition")
After HDFC Bank and ICICI Bank, lender Axis Bank has cut interest rate on home loans by 30 basis points, increasing competition in affordable housing finance space.
For fresh loans up to Rs 30 lakh, the new rate will be 8.35 per cent for salaried class and about 8.4 per cent for self-employed borrowers.
Loans between Rs 30-75 lakh will attract 8.65 per cent interest rate for salaried employees and 8.7 per cent for self-employed people.
The revised rate will be available with effect from May 16, 2017, Axis Bank said in a statement.
Home loans had 44 per cent
