Why Bank of Maharashtra’s Home Loan should be your go-to choice for your dream home

Bank of Maharashtra, a leading public sector bank, is offering the lowest rate of interest on home loans in India at 8.40% p.a. This means that you can save a considerable amount of money on interest payments over the loan tenure.

Bank of Maharashtra’s Home Loan

Listen to this article

00:00

1x 1.5x 1.8x

Buying a home is an important milestone for every individual. It’s a long-term investment that requires careful planning and financial stability. A home loan is often the go-to solution for people looking to purchase a home. It not only provides financial assistance but also allows people to spread the cost of purchasing a home over years.

Since homeownership is a dream for many people, making it a reality could be a stress but Bank of Maharashtra is committed to making it easier for everyone with its home loan options. Whether you’re looking to purchase a ready-built house or flat, new or old, or take over an existing housing loan from another bank, Maha Super Housing Loan offers an array of benefits that makes it the go-to choice.

Penny saved is penny earned

Bank of Maharashtra, a leading public sector bank, is offering the lowest rate of interest on home loans in India at 8.40% p.a. This means that you can save a considerable amount of money on interest payments over the loan tenure. In addition, the bank is also offering zero processing fees, making it a highly affordable and convenient option for homebuyers.

One of the most significant advantages of opting for a home loan from the Bank of Maharashtra is that it offers a daily reducing balance with Zero Processing Fee. This means that interest is calculated on the outstanding principal amount on a daily basis, resulting in lower interest payments and quicker repayment of the loan. This also means that you can save a significant amount of money on interest payments over the loan tenure.

Repayment worry? No more!

Another advantage of a home loan from the bank is the extended repayment period. The bank offers a repayment period of up to 30 years or up to 75 years of age which allows you to choose a repayment schedule that best suits your financial situation. This extended repayment period also means that you can opt for smaller EMIs and have sufficient disposable income in a month.

Your financial capabilities – The top priority

In addition, Bank of Maharashtra offers a loan up to 90% of the property value, which means that you can avail of a higher loan amount and purchase a more lucrative property.

Always got your back

Bank of Maharashtra also offers takeover of housing loans from other banks, which means that you can transfer your existing home loan to Bank of Maharashtra and take advantage of the bank’s lower interest rates, extended repayment period, and other benefits.

For those who require a higher loan quantum, the bank offers a Flexi Savings Home Loan. This loan is designed for loan quantum more than 50 Lakh and is linked to a savings account. This scheme offers liquidity as well as Interest relief to the customer, as any surplus amount deposited in savings account can be utilized for personal or business purposes.

At your service with just a click

Another significant benefit of a home loan from Bank of Maharashtra is the online application option. You can apply for a home loan from the comfort of your own homes, without having to visit a bank branch. This makes the loan application process quick, convenient, and hassle-free.

Last but not the least

The home loan from Bank of Maharashtra is a highly affordable and convenient option for customers looking to purchase their dream home. All the benefits offered by the Bank of Maharashtra make Maha Super Housing Loan an ideal choice for customers looking to make a long-term investment in their future.