Get your dream home with the hassle-free home loan from Bank of Maharashtra


India’s big festival season has started with Varalaxmi in South Indian states, Janmashtami in North India, Ganesh Chaturthi in Maharashtra, Onam in Kerala and it will be in full swing till the end of October, followed by Christmas and New Year celebrations. Keeping high spirits in mind, real estate players are also eyeing optimistic growth in the sector.

Considering the holiday season, builders are expanding various new offerings and facilities.

With this positivity in the air, customers are booking their dream homes and taking advantage of festive offers. To help customers realize their dreams, banks are also ready with their customer-friendly home loan programs.

If you are also considering taking out a home loan, there are some smart choices. You can consider a home loan with a daily declining balance. In this method, your interest is calculated only on the outstanding loan amount, which decreases each time you repay your EMIs or make prepayments.

Bank of Maharashtra, one of the leading public sector banking conglomerates in the country, has designed its home loan program with the above parameter in mind, to cater to the needs of millennials.

The Bank’s home loan offers many benefits such as online application facility, fast loan processing, attractive interest rates, personalized repayment options and easy, hassle-free documentation. Not only that, the bank also offers programs such as zero processing fees and 3 EMI waivers.

The Bank of Maharashtra home loan scheme applies to new construction, acquisition of a new or existing house/apartment, purchase of land and construction, renovation and repairs.

The BoM interest rate at 7.8% PA is also the lowest in the category across India with new facilities such as online loan application, obtaining sanction letter instant, no prepayment penalty, higher loan amount, simplified disbursement; makes all the way more attractive.

The Bank also offers a special additional concession for women and defense personnel. “We are very happy with our decision to go with Bank of Maharashtra for our home loan,” said Ms. Madhuri Shrivastava, an existing client of the bank. “The whole journey of our home loan process was smooth,” she added.

The home loan is designed to open up new interest rate concession opportunities for auto and education loans.

Bank of Maharashtra branches are present in 28 states and 6 union territories of India. Bank of Maharashtra is currently one of the leading banking organizations. The bank focuses on a high customer experience and guarantees it with a high degree of professionalism and a customer-centric approach. The Bank currently serves 30 million customers and with strong performance in the retail segment, the numbers are expected to grow exponentially.

Mr. Ravi Menon recalls how he had a hassle-free loan closure with Bank of Maharashtra. “The bank staff was very cooperative and helped me with all the documents, original papers and required no dues certificate in no time,” he said. “I never faced a queue or a long wait during the entire loan cycle,” he added.

For more information on Bank of Maharashtra Home Loan Scheme, log on to www.bankofmaharashtra.in/personal-banking/loans/home-loan or go to your nearest branch. To know the online application process, you can visit-

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