After SBI, now Axis Bank hikes MCLR rates. Loan EMIs to go up1 min read . Updated: 19 Apr 2022, 09:29 AM IST
- The benchmark one-year tenor MCLR will make consumer loans such as personal, auto and home loans pricey among others
Axis Bank has hiked its Marginal Cost of Funds based Lending Rate (MCLR) by 5 basis points (bps) with effect from 18 April. The benchmark one-year tenor MLCR will rise to 7.35 per cent. The overnight, one-month, three-month and six-month MCLRs have been hiked by 0.05 per cent each to 7.20%, 7.30% and 7.35% respectively.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more