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Bank of Maharashtra lowers lending rates, making home and car loans cheaper for borrowers.
State-owned Bank of Maharashtra has lowered its lending rate by 25 basis points to 8.80%, following a key policy rate cut by the Reserve Bank of India.
This reduction makes various retail loans, including home and car loans, more affordable, with home loans starting at 7.85% and car loans at 8.20% per annum.
Another lender, Indian Overseas Bank, also reduced its rate in response to the policy change.
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El Banco de Maharashtra reduce las tasas de préstamo, haciendo que los préstamos para vivienda y automóvil sean más baratos para los prestatarios.