Bank Of Maharashtra waives processing fees for home and car loans; Check details

By CNBCTV18.com IST (Released)

mini

The public sector bank, headquartered in Pune, launched the scheme, which offers a host of benefits to its retail customers, from August 1 ahead of the festive season.

The Bank of Maharashtra has waived processing fees on its home and car loan schemes under its “Retail Bonanza-Monsoon Dhamaka”.

The public sector bank, headquartered in Pune, launched the scheme, which offers a host of benefits to its retail customers, from August 1 ahead of the festive season.

The Retail Bonanza – Monsoon Dhamaka will serve as “the icing on the cake for our customers by helping them save more to enjoy the festive atmosphere,” said AS Rajeev, Managing Director and CEO of Bank of Maharashtra.

READ ALSO :

“With pent-up demand, this is a win-win situation (for the bank and its customers), and we expect more and more of our valued customers to take advantage of this benefit,” Asheesh added. Pandey, Executive Director of Bank of Maharashtra. .

Currently, the public bank offers home loans from 7.30% and car loans from 7.70%. These loans are backed by other lucrative features such as three free EMIs on regular home loan repayment, up to 90% loan facility for car and home loans, and no prepayment fees. , pre-closing or partial payment of loans.

Apart from this, customers can also avail a hassle-free gold loan up to Rs 25 lakh at an interest rate of 7.70%. For clients availing the gold loan facility, no processing fee will be charged up to Rs 3 lakh.

To ensure easy loan disbursement, the bank has also set up “Gold Loan Point”, a dedicated window in its branches. The counter facilitates gold loans in 15 minutes.

Comments are closed.