Business Standard

Bank of Maharashtr­a waives processing fee on Home and Vehicle loans till Dec 2017


Bank of Maharashtr­a has completely waived processing fees on Home and Vehicle loans effective fromSeptem­ber 1, 2017 till 31stDecemb­er 2017. The Bank also offers zero processing fees when someone transfers a home loan from another bank during this festive offer period. These concession­s are offered to enhance Bank's retail portfolio during the ensuing festival season. The Bank recorded Q-o-Q stable growth in their home loan segment, while the Vehicle loan segment saw growth of 28.22 % in Q1 FY 17-18 compared to the quarter ending March, 2017. Personal vehicles contribute to the majority of the vehicle loan portfolio of Bank of Maharashtr­a.

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