reporate
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Axis Bank selectively applying repo rate changes – worth pursuing further?
Hi everyone, I’ve been dealing with a frustrating issue related to my home loan with Axis Bank. According to the loan agreement, repo rate changes are supposed to be passed on only during fixed quarterly reset dates — 25th March, June, September, and December. The bank has used this clause to...- ashishgupta09
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- axis bank axis bank home loan home loan homeloan reporate
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- Forum: Loans
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Clarification Request on Interest Rate Revisions for Home Loan
I am writing to seek clarification regarding the interest rate revisions applied to my home loan. I availed a home loan of ₹26,86,000, which was disbursed on 31st January 2025 at an initial interest rate of 8.6%. At the time, the RBI repo rate was 6.5%, and the spread applied by the bank was... -
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Help Needed: Home Loan Interest Rate Increased Despite RBI Repo Rate Cut
Hello Everyone, I need some guidance on how to handle an issue with Bank of India regarding my home loan interest rate. My loan is on a floating interest rate basis, which means it should be linked to the Repo Based Lending Rate (RBLR). Here’s what happened: My original home loan interest...