Home Loan Interest Rate Many banks in the country review their interest rates from time to time. Bank of Maharashtra today revised interest rates on home loans. In fact, the bank reduced interest rates on mortgage loans. This means that the bank has presented a New Year gift to customers. Let us know the details in this report.
PTI, New Delhi. State-owned Bank of Maharashtra has given a New Year gift to its customers. The bank said today that it reduced interest rates on housing loans by 15 trillion annually to 8.35 percent. Meanwhile, the home loan processing fees have also been waived off, the bank said in its statement. The bank said customers will get the dual benefit of lower interest rates and waived processing fees on home loans. After this decision by the bank, valued customers will receive many amenities. The bank is also making retail loans cheaper to make customers happy.
With this offer, the bank is offering one of the lowest interest rates in the banking industry for home loans. The bank has already waived processing fees for home, auto and retail gold loans under the ‘Dhamaka New Year Offer’.