Bank of Maharashtra waives processing fees on gold, home and auto loans until September 30
The state-run Bank of Maharashtra on Thursday announced various offers for its retail clients, including waiving processing fees for gold, housing and auto loans until September 30, 2021.
The lender offers home loans and auto loans at interest rates starting at 6.90% and 7.30% respectively, according to a statement.
Retail loan products rely on several features such as two free IMEs on regular home loan repayment, up to 90% auto and home loan loan facility, no prepayment or pre-payment fees. closing or partial payment, he said.
The lender said it has revamped its gold lending program and is offering loans up to Rs 20 lakh at an interest rate of 7.10%. There is no processing fee for gold loans up to Rs 1 lakh.
The bank’s executive director, Hemant Tamta, said that with the “Retail Bonanza-Monsoon Dhamaka” offer, customers will benefit from lower prices and waived handling fees.