You will not have to pay two EMIs on the home loan under this offer. Loan will be available up to 90 percent in car and home loan.
New Delhi. If you are a customer of Bank of Maharashtra, then there is big relief news for you. State-run Bank of Maharashtra has reduced its home loan interest rates. In these announcements, till 30 September 2021, exemption has been given on processing fee on gold loan, home and car loan.
These will be the new rates,
tell that the bank gives home loan at 6.90 percent and car loan at 7.30 percent. Now under this offer, 2 EMIs will be free on timely payment of home loan installment, that is, you will not have to pay two EMIs. Up to 90 percent loan will be available in car and home loan. There will be no charge for premature termination or partial payment of the loan. According to the information given by the bank, the gold loan scheme has been greatly improved and is offering loans up to Rs 20 lakh at an interest rate of 7.10 percent.
Zero Processing Fee There is zero processing fee
for gold loans up to Rs 1 lakh. Bank’s Executive Director Hemant Tamta said that with the Retail Bonanza-Monsoon Dhamaka offer, customers will get the benefit of lower rates and discount in processing fee offers.
SBI is also giving discount
Before Bank of Maharashtra, the country’s largest lender State Bank of India (SBI) has also announced the monsoon blast offer. Recently SBI has announced 100% rebate on processing fee on home loan.
