Bank of Maharashtra (BoM) has cut interest rate on home loans to an all-time low of 6.40 per cent, from the existing 6.80 per cent under the 'Retail Bonanza-Festive Dhamaka' offer. Besides, the bank has also lowered interest rate on car loans to 6.80 per cent, from 7.05 per cent in line with market competition. The new rates would be effective from December 13.
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.