Bank of Maharashtra has launched credit facilities for its existing corporates, retail and agriculture sector borrowers to tide over their funding mismatches amid coronavirus outbreak. For existing home loan borrowers, the lender is providing personal loans for all standard housing loan accounts, where security charge is completed and repayment started.
For self-help groups (SHG), the lender is offering a loan of Rs 7,500 per member of SHG and up to Rs three lakh per SHG. These loans are given for a period of three years with a monthly/quarterly/half yearly repayment option. There is a moratorium of six months on these loans.
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.