Bank of Maharashtra has slashed the interest rates on home loans to 6.40 percent and car loan interest rates to 6.80 percent for retail customers in the “Retail Bonanza Festive Dhamaka Offer” (Retail Bonanza Festive Dhamaka Offer). The revised interest rates are linked to the borrower's credit score and these interest rates will be effective from December 13, 2021.
To add goodies with affordable interest rates, Bank of Maharashtra is also offering waiver of processing fees on home loans, car loans and gold loans. Also, waiver of two EMIs on paying regular EMI of home loan, loan up to 90 percent for car loan and home loan and no charges for prepayment or part payment will be applicable.
The Bank has reduced the interest rate on Home Loans and Car Loans under “Retail Bonanza Festive Dhamaka Offer” in view of market competition and is offering the lowest interest rate on Home Loans and Car Loans in the banking industry.
The objective of reducing the interest rate by the bank is to provide its credit facilities to large number of customers with minimum interest rate and waiver of processing fee.
Bank of Maharashtra is providing this golden opportunity to all retail customers to get home and car at affordable interest rate. Customers are requested to approach the nearest branch of the bank for housing loan and car loan and other banking facility and give the opportunity to provide the service.