BoM Slashes Retail Loan Rates by 25 Bps; Home Loans From 7.10%

• Bank of Maharashtra (BoM) slashed retail loan interest rates by 25 basis points.
• The rate reduction applies to home, car, education, and other RLLR-linked loans.
• New home loan rates start at 7.10%, and car loans at 7.45%, effective Saturday.
• This move follows the RBI's recent 25 bps reduction in the repo rate.

Why It Matters: Lower interest rates on loans make borrowing cheaper for customers.