Good news for loan borrowers! Bank of Maharashtra cuts lending rates by 0.10 per cent to 8.60 per cent

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Good news for loan borrowers! Bank of Maharashtra cuts lending rates by 0.10 per cent to 8.60 per cent Corporate Affairs Ministry, Sebi to start automatic data exchange

Best home loan offers compared: SBI vs HDFC Bank vs ICICI Bank vs Bank of Baroda Let’s compare who offers best home loan interest rates among major lenders. MCLR aka Marginal Cost of Funds based Lending Rates, is a minimum interest rate for banks below which they cannot lend money to borrowers.

Why Your Home Loan Interest Rate Does Not Come Down Despite RBI Rate Cuts. As long as the NPAs in the banking industry stay high, banks will use that as an excuse to not pass on benefit of low rates.

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Bank of Maharashtra cuts home loan rates to 8 per cent 19 september 2009 Public sector lender Bank of Maharashtra (BoM) has reduced its home loan rates effective 16 September 16 as part of a.

A day after the RBI cut the key repo rate, public sector Bank of Maharashtra Friday announced to cut the benchmark one-year MCLR by 0.10 per cent to 8.60 per cent.

Bank of Maharashtra cuts one-year MCLR by 0.10% to 8.60% Livemint 6h NEW DELHI: A day after the RBI cut the key repo rate, public sector Bank of Maharashtra on Friday announced to cut the benchmark one-year MCLR by 0.10% to 8.60%.

While IOB said it has cut MCLR for one-year loans to 8.65 per cent from 8.70 per cent, Bank of Maharashtra had cut MCLR rates by 5 basis points across various tenors.

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MUMBAI: The lending rate cut by State Bank of India is good news for borrowers, especially customers with long-term home loans of 20-25 years. In one swoop, the 90 basis points rate cut has reduced the tenure of a 25-year home loan by almost five years. Banks don’t change the EMI amount when rates change, but alter the tenure of the loan to align with the new rate.