Latest News | Axis Bank Offers Home Loans at 6.90 Pc
Get latest articles and stories on Latest News at LatestLY. Private sector lender Axis Bank on Tuesday announced offering home loans at an interest rate of 6.90 per cent as part of its festive season campaign.
Mumbai, Oct 20 (PTI) Private sector lender Axis Bank on Tuesday announced offering home loans at an interest rate of 6.90 per cent as part of its festive season campaign.
The rate is less than that of industry leader SBI's 6.95 per cent for women or rival Kotak Mahindra Bank's 7 per cent offering.
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The realty sector was already witnessing rising inventory levels due to a slowdown in sales even before the COVID-19 pandemic. The industry's credit growth is trailing below the 6 per cent mark despite a flush of liquidity.
The home loans priced at 6.90 per cent onwards are under Axis Bank's 'Dil se Open Celebrations' that offer deals and discounts on purchase through its credit and debit cards.
The festive season campaign also includes giving car loans at 7.99 per cent with up to 100 per cent on-road funding, personal loans at 10.49 per cent and education loans at 10.50 per cent, the lender said in a statement.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)