Bank of Maharashtra waives Processing fee for Retail Loans


Pune: Bank of Maharashtra (BoM), a premier public sector bank in the country has waived processing fee for Gold, Housing and Car loan. To bring in cheer and joy amid the pandemic…BoM presents a slew of special offers for its retail customers during this festive season. Bank offers Housing Loan and Car Loan with an ROI starting from 7.05% and 7.70% respectively. In addition, Bank has launched a special drive to take over of Loan against Property and Housing Loan with extended repayment term up to 10 years and 30 years respectively for the existing customers.
Bank has also revamped its Gold Loan scheme offering Loan up to Rs.20 lakh with zero processing fee at a lucrative ROI of 7.50%. Bank has also Introduced ‘Gold Loan Point’, a dedicated counter in its select branches to facilitate Gold Loan within 15 minutes.
Mr. Hemant Tamta, Executive Director, Bank of Maharashtra said that the economic activities have opened up and being a hassle free sanctioning of Gold Loan at our branches, it will benefit our customers to meet their liquidity mismatch and to tide over their immediate financial needs.


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