Bank of Maharashtra (BoM), a leading public sector bank, has announced a reduction of up to 50 basis points in interest rates on retail loans, including home, car, education, and other loans linked to the repo linked lending rate (RLLR), effective from June 10, 2025.
This benefit of reduced interest rates reflects the bank’s commitment to offer the best financing solutions to all its customers and help them fulfil their dreams. In the current interest rate landscape, the bank is making retail loans cheaper to bring in cheer among its customers, the statement issued by them added.
The bank is currently offering its home loan starting from 7.35 per cent interest rate and car loan starting from 7.70 per cent interest rate which is among the lowest interest rate in the banking industry.