Hello,
Guest!
Axis Bank MY ZONE Credit Card
Axis Bank SELECT Credit Card
IndianOil Axis Bank Credit Card
Axis Bank Magnus Credit Card
Flipkart Axis Bank Credit Card
Axis Bank Vistara Credit Card
Axis Bank Rewards Credit Card
Axis Bank Vistara Infinite Credit Card
Axis Bank Neo Credit Card
Samsung Axis Bank Signature Credit Card
Axis Bank Aura Credit Card
Axis Bank Kwik Rupay Credit Card
Axis Bank Vistara Signature Credit Card
Axis Bank Privilege Credit Card
Samsung Axis Bank Infinite Credit Card
Axis Bank Reserve Credit Card
Axis Bank Airtel Credit Card
Axis Bank Insta Easy Credit Card
Axis Bank Freecharge Credit Card
Axis Bank Forex Card
Axis Bank Rupay Credit Card
Axis Bank Burgundy Private Credit Card
Axis Bank Credit Card Interest Rates
Axis Bank Credit Card Pin Generation
Axis Bank Credit Card Offers
Axis Bank Credit Card Types
HDFC Freedom Credit Card
HDFC Indian Oil Credit Card
HDFC MoneyBack Credit Card
HDFC Infinia Credit Card
HDFC Diners Club Black Credit Card
HDFC Swiggy Credit Card
HDFC Regalia Credit Card
HDFC Millennia Credit Card
HDFC Business MoneyBack Credit Card
HDFC Regalia Gold Credit Card
HDFC Regalia First Credit Card
HDFC UPI Rupay Credit Card
Paytm HDFC Bank Credit Card
HDFC MoneyBack+ Credit Card
Tata Neu Plus HDFC Bank Credit Card
Shoppers Stop HDFC Bank Credit Card
Flipkart Wholesale HDFC Bank Credit Card
6E Rewards IndiGo Credit Card
HDFC Times Platinum Credit Card
HDFC Bank Corporate Platinum Credit Card
HDFC Rupay Credit Cards
HDFC Forex Cards
HDFC Virtual Credit Card
Best HDFC Credit Cards
Instant Personal Loan Apps
Personal Loan Interest Rates
SBI Personal Loan
HDFC Personal Loan
IDFC Personal Loan
Poonawalla Fincorp Personal Loan
Moneyview Personal Loan
Prefr Personal Loan
KreditBee Personal Loan
SmartCoin Personal Loan
Kotak Personal Loan
Bajaj Finserv Personal Loan
Tata Capital Personal Loan
Yes Bank Personal Loan
L&T Finance Personal Loan
Cashe Personal Loan
KreditBee Business Loan
Moneyview Business Loan
Prefr Credit Business Loan
LendingKart Business Loan
Protium Business Loan
IIFL Business Loan
NeoGrowth Business Loan
SBI Business Loan
ICICI Bank Business Loan
Bajaj Finserv Business Loan
HDFC Bank Business Loan
Axis Bank Business Loan
Women Business Loans
Unsecured Business Loans
Working Capital Loan
CGTMSE Scheme
MSME Loan
PSB Loans in 59 Minutes
SBI E Mudra Loan
PMEGP Loan
Mudra Loan
Startup Business Loan
Saksham Yuva Yojana
Pradhan Mantri Rojgar Yojana
PMFME Loan
PM Vishwakarma Yojana
Loan Against Property Interest Rate
HDFC Loan Against Property
Federal Bank Loan Against Property
Kotak Loan Against Property
IDFC First Loan Against Property
Home First Loan Against Property
SBI Loan Against Property
PNB Housing Loan Against Property
Bajaj Finance Loan Against Property
Loan Against Property without Income Proof
SBI Loan Against Property Interest Rates
Loan Against Property Eligibility
Bank of Baroda Loan Against Property
Canara Bank Loan Against Property
LIC Loan Against Property
Blog
HDFC Credit Card Customer Care
Axis Bank Credit Card Customer Care Number
SBI Credit Card Customer Care
AU Bank Credit Card Customer Care Number
American Express Credit Card Customer Care
Standard Chartered Credit Card Customer Care Number
Yes Bank Credit Card Customer Care
IDFC Credit Card Customer Care Number
HSBC Credit Card Customer Care
HDFC Credit Card Airport Lounge Access
SBI Credit Card Airport Lounge Access
Axis Bank Credit Card Airport Lounge Access
HSBC Credit Card Airport Lounge Access
Flipkart Axis Bank Credit Card Lounge Access
Yes Bank Credit Card Lounge Access
Axis Bank My Zone Credit Card Lounge Access
Axis Bank Select Credit Card Lounge Access
Bajaj Finance Personal Loan Customer Care
SBI Personal Loan Customer Care
Indiabulls Personal Loan Customer Care
Kotak Bank Personal Loan Customer Care
HDFC Personal Loan Customer Care
MoneyTap Customer Care
Money View Customer Care
Mpokket Loan Customer Care
Cashe Customer Care
HDB Personal Loan Customer Care
IIFL Personal Loan Customer Care
Axis Bank MCLR Rate
Current Axis Bank MCLR rates range from 9.15% - 9.50% for different tenures w.e.f 17.08.2024. The MCLR is the minimum interest rate the bank can charge for loans. This rate is reset every month by the bank.
MCLR Rate by Top Banks
The Marginal Cost of the Fund-Based Lending Rate (MCLR) is the minimum rate of interest a bank/financial institution can charge on a loan. MCLR determines the lower limit of the loan interest rate.
Following are the current Axis Bank MCLR Rate and MCLR rates of top banks in India:
| Bank Name | Overnight | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|---|---|
| Axis Bank | 9.15% | 9.15% | 9.25% | 9.30% | 9.35% | 9.45% | 9.50% |
| Canara Bank | 8.25% | 8.35% | 8.45% | 8.80% | 9.00% | 9.30% | 9.40 |
| Yes Bank | 9.10% | 9.45% | 10.10% | 10.35% | 10.50% | NA | NA |
| HDFC Bank | 9.10% | 9.15% | 9.25% | 9.40% | 9.45% | 9.45% | 9.45% |
| ICICI Bank | 8.60% | 8.60% | 8.65% | 9.00% | 9.10% | NA | NA |
| SBI | 8.20% | 8.45% | 8.50% | 8.85% | 8.95% | 9.05% | 9.10% |
| PNB | 8.30% | 8.35% | 8.55% | 8.75% | 8.90% | NA | 9.20% |
| PSB | 8.20% | 8.45% | 8.55% | 8.85% | 9.10% | NA | NA |
| Citibank | 6.65% | 6.90% | 6.95% | 7.00% | 6.95% | NA | NA |
| Bank of Baroda | 8.15% | 8.35% | 8.50% | 8.75% | 8.95% | NA | NA |
| IndusInd Bank | 10.20% | 10.25% | 10.40% | 10.55% | 10.55% | 10.55% | 10.55% |
| IDFC FIRST Bank | 10.20% | 10.20% | 10.40% | 10.60% | 10.70% | NA | NA |
| Bank of India | 8.15% | 8.40% | 8.55% | 8.75% | 8.95% | NA | 9.10% |
| Central Bank of India | 8.10% | 8.15% | 8.50% | 8.70% | 8.85% | NA | NA |
| Federal Bank | 9.45% | 9.50% | 9.55% | 9.65% | 9.70% | NA | NA |
| IDBI Bank | 8.40% | 8.55% | 8.85% | 9.10% | 9.15% | 9.70% | 10.10% |
| Indian Overseas Bank | 8.20% | 8.45% | 8.60% | 8.85% | 8.95% | 9.00% | 9.15% |
| UCO Bank | 8.20% | 8.35% | 8.50% | 8.80% | 8.95% | NA | NA |
| Kotak Bank | 8.75% | 9.00% | 9.15% | 9.40% | 9.55% | 9.55% | 9.65% |
| HSBC Bank | 8.30% | 8.45% | 8.60% | 8.70% | 8.75% | NA | NA |
Table of Contents: Axis Bank MCLR Rate [Hide]
Current Axis Bank MCLR Rate 2024
Axis MCLR rate ranges from 9.15% - 9.50% for different tenures with effect from 17th August 2024. These rates will be valid till the next review by the bank. Axis Bank is one of India's best private sector banks offering a wide range of lending and banking products and services. Like all other banks in India, Axis Bank too has revised its MCLR, which makes lending products cheaper for its customers. Axis Bank MCLR is the minimum interest rate that the bank can charge for a specific loan product. MCLR is set for borrowers unless specified by the bank or otherwise by the Reserve Bank of India (RBI).
Axis Bank revises its MCLR monthly. Below are the current Axis Bank MCLR rates:
- Overnight: 9.15%
- 1 Month: 9.15%
- 3 Months: 9.25%
- 6 Months: 9.30%
- 1 Year: 9.35%
- 2 Years: 9.45%
- 3 Years: 9.50%
You can also check Loan Against Property Interest Rates Online.
Axis Bank MCLR Rate Trend
Below is the Axis Bank MCLR Rate trend in the year 2024:
| Last MCLR Updated Date | Tenure | MCLR |
|---|---|---|
| 17 August 2024 | Overnight | 9.15% |
| 1 Month | 9.15% | |
| 3 Months | 9.25% | |
| 6 Months | 9.30% | |
| 1 Year | 9.35% | |
| 2 Years | 9.45 | |
| 3 Years | 9.50% | |
| 18 July 2024 | Overnight | 9.10% |
| 1 Month | 9.10% | |
| 3 Months | 9.20% | |
| 6 Months | 9.25% | |
| 1 Year | 9.30% | |
| 2 Years | 9.40% | |
| 3 Years | 9.45% | |
| 18 June 2024 | Overnight | 9.10% |
| 1 Month | 9.10% | |
| 3 Months | 9.20% | |
| 6 Months | 9.25% | |
| 1 Year | 9.30% | |
| 2 Years | 9.40% | |
| 3 Years | 9.45% | |
| 17 March 2024 | Overnight | 9.10% |
| 1 Month | 9.10% | |
| 3 Months | 9.20% | |
| 6 Months | 9.25% | |
| 1 Year | 9.30% | |
| 2 Years | 9.40% | |
| 3 Years | 9.45% | |
| 17 February 2024 | Overnight | 9.10% |
| 1 Month | 9.10% | |
| 3 Months | 9.20% | |
| 6 Months | 9.25% | |
| 1 Year | 9.30% | |
| 2 Years | 9.40% | |
| 3 Years | 9.45% | |
| 18 January 2024 | Overnight | 9.05% |
| 1 Month | 9.05% | |
| 3 Months | 9.15% | |
| 6 Months | 9.20% | |
| 1 Year | 9.25% | |
| 2 Years | 9.35% | |
| 3 Years | 9.40% | |
| 18 March 2023 | Overnight | 8.00% |
| 1 Month | 8.10% | |
| 3 Months | 8.20% | |
| 6 Months | 8.40% | |
| 1 Year | 8.50% | |
| 2 Years | NA | |
| 3 Years | 8.80% | |
| 18 October 2022 | Overnight | 8.15% |
| 1 Month | 8.15% | |
| 3 Months | 8.25% | |
| 6 Months | 8.30% | |
| 1 Year | 8.35% | |
| 2 Years | 8.45% | |
| 3 Years | 8.50% | |
| 18 August 2022 | Overnight | 7.85% |
| 1 Month | 7.85% | |
| 3 Months | 7.95% | |
| 6 Months | 8% | |
| 1 Year | 8.05% | |
| 2 Years | 8.15% | |
| 3 Years | 8.20% | |
| 18 July 2022 | Overnight | 7.80% |
| 1 Month | 7.80% | |
| 3 Months | 7.60% | |
| 6 Months | 7.90% | |
| 1 Year | 7.95% | |
| 2 Years | 8.10% | |
| 3 Years | 8.15% | |
| 18 June 2022 | Overnight | 7.75% |
| 1 Month | 7.75% | |
| 3 Months | 7.85% | |
| 6 Months | 7.35% | |
| 1 Year | 7.50% | |
| 2 Years | 8.05% | |
| 3 Years | 8.10% | |
| 18 April 2022 | Overnight | 7.20% |
| 1 Month | 7.20% | |
| 3 Months | 7.30% | |
| 6 Months | 7.35% | |
| 1 Year | 7.40% | |
| 2 Years | 7.50% | |
| 3 Years | 7.55% | |
| 18 January 2022 | Overnight | 7.15% |
| 1 Month | 7.15% | |
| 3 Months | 7.25% | |
| 6 Months | 7.30% | |
| 1 Year | 7.35% | |
| 2 Years | 7.45% | |
| 3 Years | 7.50% |
Axis Bank Home Loan Interest Rate & MCLR
The above Axis Bank home loan interest rate MCLR are not applicable anymore as the bank charges interest rates based on the current Repo Rate now, which is 6.50%:
Following are the current Axis Bank home loan interest rates linked to the current Repo Rate.
| Applicant Type | Type | Repo Rate + Spread | Effective Rate of Interest |
|---|---|---|---|
| For Salaried Individuals | Floating Rate | Repo Rate + 2.50% to Repo Rate + 2.90% | 8.75% - 9.10% |
| Fixed Rate | All Loan Amounts | 14% p.a. | |
| For Self Employed Individuals | Floating Rate | Repo Rate + 2.60% to Repo Rate + 2.90% | 9.10% p.a. |
| Fixed Rate | All Loan Amounts | 14% p.a. |
Axis Bank 1 Year MCLR Rate
Currently, Axis Bank 1 Year MCLR Rate is 9.35% effective from 17th August 2024. This rate will be valid till the next review. The 1-year MCLR rate of the bank is updated every month. Even a minute change in the MCLR rate may have a significant impact on your MCLR-linked Axis Home Loan or other lending products offered by the bank. Hence, make sure you check the updated MCLR rates of the bank every month. A change in MCLR may affect your loan Equated Monthly Instalments (EMIs) as well.
Axis Bank MCLR Rate History
There has been a significant change in the MCLR rates of Axis Bank this year. Following is the Axis Bank MCLR rate history for the year 2024:
| Last MCLR Updated Date | MCLR |
|---|---|
| 17 August 2024 | 9.15% - 9.50% |
| 18 July 2024 | 9.10% - 9.45% |
| 18 June 2024 | 9.10% - 9.45% |
| 17 March 2024 | 9.10% - 9.45% |
| 17 February 2024 | 9.10% - 9.45% |
| 18 January 2024 | 9.05% - 9.40% |
| 18 March 2023 | 8.00% - 8.80% |
| 18 October 2022 | 8.15% - 8.50% |
| 18 August 2022 | 7.85% - 8.20% |
| 18 July 2022 | 7.80% - 8.15% |
| 18 June 2022 | 7.75% - 8.10% |
| 18 April 2022 | 7.20% - 7.55% |
| 18 Jan 2022 | 7.15% - 7.50% |
Related Articles
Axis MCLR Rate FAQs
What is the current Axis Bank MCLR rate?
The current Axis Bank MCLR rate varies from 9.15% to 9.50% for different tenures with effect from 17.08.2024.
What is Axis Bank Base Rate?
Currently, the Axis Bank Base Rate is 10.65% w.e.f. 24th June 2024.
Will Axis Bank’s MCLR be different from the MCLR that other banks provide?
The MCLR rate may differ from one bank to another. Axis Bank decides Axis Bank home loan MCLR interest rate or MCLR rate for other products every month.
What is Axis Bank’s benchmark MCLR for home loans, and what is the reset period on it?
The benchmark Axis Bank home loan current MCLR rate varies from 9.15% to 9.50%. The MCLR rate of Axis Bank home loan is reset every month by the bank.
What is the procedure to change from the FRR//PLR/I-Base-based benchmark to MCLR?
You can either switch your FRR//PLR/I-Base-based benchmark to MCLR in the same bank or transfer the loan to another bank.
