Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Fury as firm behind sacking of 800 P&O staff over Zoom 'rewarded' by government with 'bumper deal'

    March 28, 2023

    UK banking 'resilient' and inflation fight remains top focus, says Andrew Bailey

    March 28, 2023

    Five planets to line up in night sky

    March 28, 2023
    Facebook Twitter LinkedIn
    Trending
    • Fury as firm behind sacking of 800 P&O staff over Zoom 'rewarded' by government with 'bumper deal'
    • UK banking 'resilient' and inflation fight remains top focus, says Andrew Bailey
    • Five planets to line up in night sky
    • 3 children, 3 adults killed at Christian school in Nashville
    • Woman armed with two rifles and pistol kills six in Nashville school shooting
    • Dave Ramsey Ridicules People Making One Key Financial Mistake
    • When will Medicare cover medical marijuana?
    • Lebanon reverses controversial decision to delay clocks change
    Facebook Twitter LinkedIn
    Business KhabarBusiness Khabar
    • World
    • Auto
    • Business
      • Industries
      • Opinion
    • Market
    • Money
      • Finance
      • Insurance
      • Investment
      • Schemes
    • Sports
    • Other
      • Stories
      • Career
      • Entrepreneurship
      • Property
    • Web Stories
    Business KhabarBusiness Khabar
    Home » Want a cheap home loan, car loan or gold loan on Diwali? Bank of Maharashtra reduced interest rates
    Finance

    Want a cheap home loan, car loan or gold loan on Diwali? Bank of Maharashtra reduced interest rates

    Business KhabarBy Business KhabarNovember 9, 2020No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Want a cheap home loan, car loan or gold loan on Diwali? Bank of Maharashtra reduced interest rates
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Home Loan/Car Loan: Public Sector Bank of Maharashtra has given another Diwali gift to customers. The bank has cut the repo linked lending rate (RLLR) by 0.15 percent. The new interest rates of repo linked loans are now 6.90 percent. Even before this, the bank had waived processing fees on home loan, car loan and gold loan for customers before the festive season.

    Retail and MSME loans of Bank of Maharashtra are RLLR linked. The new interest rates have come into effect from 7 November. The reduction in the repo linked lending rate will make it affordable for customers to take home loans, car loans, gold loans and education loans. At the same time, the interest rates of MSME loans for small traders will also be reduced.

    Let us know that the Reserve Bank has taken several measures in the past to increase consumption and liquidity. This year, the repo rate has also been cut 2 times. After which most banks have reduced the interest rate. At the same time, these days banks are reducing interest rates due to increasing demand for housing. Many government and private sector banks are offering the cheapest loan in last 15 years.

    The stock market has done ‘Diwali shopping’ in a week! 1.27 lakhs got for 1 lakhs

    Home loan, new rate of car loan

    Home loan rates will start from 6.95 percent after several cuts in interest rates from the bank. Apart from this, women and military personnel will get an additional 0.05 percent discount. Similarly, car loan interest rates will start from 7.55 percent and gold loan rates will start from 7.35 percent. In such a situation, if you are planning to take a home, car or gold loan in Diwali, then this interest rates can prove to be an economical option.

    On the other hand, Bank of Baroda has also reduced the repo linked lending rate by 0.15 per cent. The bank’s new rates are now 6.85 percent. It has become effective from 1 November.

    Many banks including SBI have reduced interest rate

    In order to attract more and more customers during the festive season, many banks including SBI have reduced the interest rates for retail loans. Recently, Kotak Mahindra Bank has reduced the interest rate of home loan. The bank has further reduced it by 0.15 percent, after which the interest rate of the home loan of the bank has come down to 6.75 percent. The new rates of Kotak Bank home loans are effective from 1 November.

    SBI is also offering a home loan of Rs 30 lakh at an interest rate of 6.90 percent. The home loan interest rate at Axis Bank starts from 6.9 percent. Home loans in HDFC also start from 6.9 percent. At the same time, the interest rate of home loan in Bank of Baroda starts from 6.85 percent.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Business Khabar

    We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.

    Related Posts

    Dave Ramsey Ridicules People Making One Key Financial Mistake

    March 27, 2023

    Dave Ramsey Unveils Important Advice on Key Spending Reality For Your Wallet

    March 27, 2023

    An Inside Look at College Financial Aid Letters

    March 26, 2023
    Top Post

    When will Medicare cover medical marijuana?

    March 27, 2023

    Toyota Fortuner GR Sport and Modellista editions unveiled at BIMS, all you need to know about the mean machines

    March 27, 2023

    UK and European markets calm but warning of 'slow motion' problem to come

    March 27, 2023

    Matalan names new chair and CEO as new owners fashion new path

    March 27, 2023
    Don't Miss
    News

    If the river is left, the city will survive: Administrator Astik Kumar Pandey

    By Business KhabarJanuary 23, 2022

    Aurangabad: Work on Kham River Rejuvenation Project is in progress. Aurangabad Municipal Commissioner and Administrator…

    World

    Gaza changed to wreckage by Israeli bombing, Egypt will re-erect city with the help of 3600 crores

    By ShehnazMay 18, 2021

    Meanwhile, rockets were fired from Gaza city towards Israel on Tuesday. Two Thailand citizens have…

    Finance

    Sugar export curbs: Mills requested to file reviews each day

    By Business KhabarMay 26, 2022

    Having notified its plan to control sugar exports to maintain native provides regular, the meals…

    World

    Transparency in politics often feels like it falls short – we want to shine a light on that

    By Business KhabarJanuary 8, 2023

    On a freezing, foggy night in December, the House of Commons lastly formally responded to…

    About Us
    About Us

    Business Khabar: Read latest business news, auto news, technology news, personal finance, industries news, investment & insurance news, startups & success stories.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Facebook Twitter LinkedIn
    In Case You Missed

    Fury as firm behind sacking of 800 P&O staff over Zoom 'rewarded' by government with 'bumper deal'

    March 28, 2023

    Toyota Fortuner GR Sport and Modellista editions unveiled at BIMS, all you need to know about the mean machines

    March 27, 2023

    UK and European markets calm but warning of 'slow motion' problem to come

    March 27, 2023
    Last Minute Read

    Dave Ramsey Ridicules People Making One Key Financial Mistake

    March 27, 2023

    Dave Ramsey Unveils Important Advice on Key Spending Reality For Your Wallet

    March 27, 2023

    An Inside Look at College Financial Aid Letters

    March 26, 2023
    Facebook Twitter LinkedIn
    • About us
    • Contact
    • Contribute for us
    • Privacy Policy
    • Disclaimer
    © 2023 Business Khabar. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.