{"id":41,"date":"2018-02-18T02:55:24","date_gmt":"2018-02-17T21:25:24","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=41"},"modified":"2018-02-18T15:25:23","modified_gmt":"2018-02-18T09:55:23","slug":"900111-axis-bank-limited-current-benchmark-prime-lending-rate","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900111-axis-bank-limited-current-benchmark-prime-lending-rate.html","title":{"rendered":"Axis Bank Limited – Current Benchmark Prime Lending Rate"},"content":{"rendered":"

Axis Bank Limited – Current Benchmark Prime Lending Rate or Minimum Interest Rate for Loans<\/strong><\/p>\n

New Delhi (Delhi, India), February 18, 2018<\/p>\n

Axis Bank Limited Cuts Benchmark Prime Lending Rate to 16.70%<\/strong><\/p>\n

The Axis Bank Limited has decreased its Benchmark Prime Lending Rate (BPLR) by 0.05 percent, or 05 basis points with effect from Thursday, January 04, 2018.<\/p>\n

Axis Bank Limited has revised its Benchmark Prime Lending Rate for home loans and consumer loans from 16.75 percent to 16.70 percent per annum.<\/p>\n

Axis Bank Limited uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.<\/p>\n

Axis Bank Limited has also reduced its Base Rate or the minimum lending rate from 9.00 percent to 8.95 percent per annum with effect from Thursday, January 04, 2018.<\/p>\n

Axis Bank Limited determines its interest rates on all loans and advances, including consumer loans, lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.<\/p>\n

Axis Bank Limited’s current interest rate cut will decrease the cost of funds for those people who have taken their home loan advances on floating rate of interest. However, this interest rates revision will not affect the Axis Bank Limited\u2019s fixed rate customers, as their contracted rates will remain unchanged.<\/p>\n

Historical Data for Axis Bank Ltd’s Benchmark Prime Lending Rate (BPLR)<\/strong><\/p>\n

January 04, 2018 BPLR: 16.70%
\nOctober 04, 2017 BPLR: 16.75%
\nJuly 04, 2017 BPLR: 16.80%
\nApril 05, 2017 BPLR: 16.90%
\nJanuary 02, 2017 BPLR: 17.00%
\nJuly 27, 2016 BPLR: 17.10%
\nApril 18, 2016 BPLR: 17.20%
\nOctober 05, 2015 BPLR: 17.25%
\nJune 30, 2015 BPLR: 17.60%
\nApril 13, 2015 BPLR: 17.70%
\nOctober 15, 2014 BPLR: 17.90%
\nAugust 19, 2013 BPLR: 18.00%
\nAugust 06, 2011 BPLR: 17.75%
\nJuly 05, 2011 BPLR: 17.50%
\nJuly 01, 2010 BPLR: 14.75%
\nMay 16, 2009 BPLR: 14.75%
\nApril 01, 2009 BPLR: 15.25%
\nMarch 31, 2008 BPLR: 12.75%<\/p>\n

Historical Data for Axis Bank Ltd’s Base Rate<\/strong><\/p>\n

January 04, 2018 Base Rate: 8.95%
\nOctober 04, 2017 Base Rate: 9.00%
\nJuly 04, 2017 Base Rate: 9.05%
\nApril 05, 2017 Base Rate: 9.15%
\nJanuary 02, 2017 Base Rate: 9.25%
\nJuly 27, 2016 Base Rate: 9.35%
\nApril 18, 2016 Base Rate: 9.45%
\nOctober 05, 2015 Base Rate: 9.50%
\nJune 30, 2015 Base Rate: 9.85%
\nApril 13, 2015 Base Rate: 9.95%
\nOctober 15, 2014 Base Rate: 10.15%
\nAugust 19, 2013 Base Rate: 10.25%
\nAugust 06, 2011 Base Rate: 10.00%
\nJuly 05, 2011 Base Rate: 9.75%
\nMay 05, 2011 Base Rate: 9.50%
\nApril 01, 2011 Base Rate: 9.00%
\nFebruary 19, 2011 Base Rate: 8.75%
\nJanuary 16, 2011 Base Rate: 8.25%
\nDecember 09, 2010 Base Rate: 8.00%
\nOctober 01, 2010 Base Rate: 7.75%
\nJuly 01, 2010 Base Rate: 7.50%<\/p>\n

Axis Bank Limited – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Axis Bank Limited<\/p>\n","protected":false},"excerpt":{"rendered":"

Axis Bank Limited has decreased its Benchmark Prime Lending Rate by 0.05%, or 05 basis points with effect from Thursday, January 04, 2018. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[63,62,59,38,40],"class_list":["post-41","post","type-post","status-publish","format-standard","hentry","category-banking","tag-axis-bank-benchmark-rate","tag-axis-bank-lending-rate","tag-axis-bank-limited","tag-benchmark-prime-lending-rate","tag-current-benchmark-prime-lending-rate"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/41","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=41"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/41\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=41"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=41"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=41"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}