If you want to build the palace of your dreams but are troubled by the high interest rate available on the loan, then this news is of your use. Actually, whenever people think of buying a house, a large amount is needed for this, in such a situation, people go to the bank to take home loan, due to high interest at some places, people are disappointed. Has to happen. But now this will not happen, because now after State Bank of India, another government bank has given discount on car and gold loan along with home loan.
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.
Bank of Maharashtra 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 repayment of home loan installment i.e. you will not have to pay two EMIs. Loan will be available up to 90% 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.
Also, 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 on processing fee offers.