Consequent to the recent announcement by the Reserve Bank of India (RBI) to reduce the repo rate by 25
basis points on 09-04-2025, we are currently reviewing our repo linked loan interest rates.
In line with the terms of the loan agreement, repo rate is adjusted once a quarter on the 25th of the last month of the
calendar quarter. Accordingly, the recent repo rate change announced by RBI will take effect from 25-06-2025.
The default impact of this change will be provided to the tenure of the loan, in line with the internal policy of the Bank.
Should you wish to keep your loan tenure the same and reduce your EMI instead, you may do so by placing a request,
at any of the below contact points, on or after 25-06-2025.
You also have the flexibility to choose from the following options:
- Switch Rate Type: Switch from a floating to a fixed rate or vice versa, up to three times during the loan tenure.
- Prepayment: Prepay your loan, either in part or in full, at any point during the loan tenure. Charges will apply as per
the applicable Schedule of Charges.
Call us on:
- 18001035577 (Toll Free)
- 18604195555 or 18605005555 (Charges Applicable)
Online: https://axisbank.com/support
Loan Centres: https://www.axisbank.com/Loancenter