Bank of Maharashtra welcomes the New Year with a special gift for its customers – a significant reduction of 15 basis points (0.15 percent) in its home loan interest rates.
Now, customers can avail themselves of home loans at an attractive rate of 8.35 percent.
To make the offer even more enticing, the bank has also eliminated processing fees on home loans.
Double Delight for Borrowers
Lowest Interest Rates in the Industry: In a bid to bring joy to its customers, Bank of Maharashtra has positioned itself as one of the leaders in the banking industry by offering one of the lowest interest rates for home loans.
The current move not only makes retail loans more affordable but also aligns with the bank’s commitment to customer satisfaction.
Expanded New Year Offer: Under its ‘New Year Dhamaka Offer,’ the bank has extended the waiver of processing fees not only to home loans but also to car loans and retail gold loans, providing a comprehensive benefit package to its customers.
Robust Business Growth for Bank of Maharashtra
Impressive Quarter-End Results: Bank of Maharashtra reports a remarkable 18.92 percent year-on-year growth in business, reaching Rs 4.34 lakh crore for the quarter ending December 31, 2023.
This growth is attributed to a substantial increase of 17.9 percent in bank deposits, totaling Rs 2.46 lakh crore.
Additionally, a 20.3 percent surge in gross advances, reaching Rs 1.89 lakh crore, contributes to the bank’s overall success.
