In the current panorama of interest rates, the bank is making cheaper retail loans to rejoice among its clients, the statement added. | Photo credit: Andrii Yalanskyi
Bank of Maharashtra (BOM), a main bank of the public sector, has announced a reduction of up to 50 basic points in interest rates in retail loans, including home, car, education and other slabs linked to the loan rate linked to the repository (RLLR), starting in June.
This benefit of reduced interest rates reflects the bank’s commitment to offer the best financing solutions to all its customers and help them fulfill their dreams. In the current panorama of interest rates, the bank is making cheaper retail loans to cheer up among its clients, added the statement issued by them.
Currently, the bank offers its mortgage loan from the interest rate of 7.35 percent and the car loan from 7.70 percent of the interest rate, which is among the lowest interest rate in the banking industry.
Posted on June 12, 2025
