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The Pune-headquartered public sector financial institution has launched this scheme from August 1, forward of the festive season, which provides a number of advantages to its retail prospects.

Financial institution of Maharashtra has waived processing charge on its housing and automotive mortgage schemes below its ‘Retail Bonanza – Monsoon Dhamaka’.

The Pune-headquartered public sector financial institution has launched this scheme from August 1, forward of the festive season, which provides a number of advantages to its retail prospects.

AS Rajeev, Managing Director and CEO, Financial institution of Maharashtra mentioned, Retail Bonanza – Monsoon Dhamaka will act as an icing on the cake for our prospects, serving to them save extra to benefit from the festive temper “

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Ashish Pandey, Government Director, Financial institution of Maharashtra mentioned, “With demand rising, it’s a win-win state of affairs (for the financial institution and its prospects), and we count on increasingly more of our esteemed prospects to make the most of this profit. ” ,

Presently, the state-owned financial institution provides housing loans beginning at 7.30 per cent and automotive loans beginning at 7.70 per cent. These loans are backed by different engaging options like three free EMIs on common reimbursement in house mortgage, mortgage facility as much as 90% in automotive and residential mortgage, and no prices on prepayment, pre-closure or partial reimbursement of mortgage.

Aside from this, prospects can even avail trouble free gold mortgage as much as Rs 25 lakh at 7.70% rate of interest. Prospects availing the ability of Gold Mortgage is not going to be charged a processing charge of as much as Rs 3 lakh.

To make sure trouble free mortgage disbursement, the financial institution has additionally arrange a devoted counter ‘Gold Mortgage Factors’ at its branches. Over-the-counter supplies gold mortgage facility inside quarter-hour.



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