Interest Rates 2018410 views
When it comes to availing a home loan, it would not be wrong to say that there are plenty of renowned lenders are there. But, if we talk about offering the home loan at lowest interest rates, there is only one name that strikes the mind, Bank of Maharashtra. Yes, the Bank of Maharashtra Home Loan is available at an attractive interest rate to choose from. So, without wasting any time further, let’s just know more about the interest rates offered by BOM in the page below.
Interest Rate Comparison Tool All that glitters is not gold; the same goes for loans! Have you done your research? Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com
Interest Rate Comparison Tool
All that glitters is not gold; the same goes for loans! Have you done your research?
Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com
Table of Contents
Bank of Maharashtra Home loan Interest Rates
|Interest Rate||8.75% - 8.85%|
|Loan Amount||Up to ₹15 Lakh(rural areas), ₹25 Lakh (semi-urban areas)|
|Processing Fee||As applicable by the bank|
Bank of Maharashtra MCLR (Marginal Cost of Funds Based Lending Rates) (w.e.f 07.12.2017)
|MCLR Benchmark||MCLR (in %)|
Base Rate : 9.60% (w.e.f. 07.10.2017)
BPLR : 15.00% ( With effect from 01. 10. 2011 )
Bank of Maharashtra Home loan Balance Transfer Interest Rates
If you want to lower your EMI and Interest Outgo burden, transferring your existing home loan to BOM would be an ideal choice to make. Yes, transferring the same would allow you not only save big on your monthly installments but make you enjoy the lower home loan interest rates as well. Thus, going for BT helps in reducing your loan burden.