Bank of Maharashtra Announces New Year Bonanza: Slashes Home Loan Rates by 15 Basis Points
In a bid to kickstart the new year with a financial boost for its customers, Bank of Maharashtra (BoM) has implemented a substantial reduction of 15 basis points in its home loan interest rates, bringing them down to an attractive 8.35 per cent.
Additionally, as part of this limited-time offer, the bank has decided to waive processing fees on home loans, providing a dual benefit for prospective homeowners.
BoM emphasized that this strategic move is a clear manifestation of its dedication to providing optimal financing solutions, ensuring customers can meet their requirements seamlessly.
Amidst the current landscape of elevated interest rates, the bank’s initiative aims to make retail loans more affordable, spreading a wave of positivity among its valued customers, as mentioned in their official statement.