Bank of Maharashtra slashes retail loan rates by 25 bps

• Bank of Maharashtra (BoM) slashed retail loan interest rates by 25 basis points, effective Saturday.
• The reduction applies to home, car, education, and other Repo Linked Lending Rate (RLLR) loans.
• New starting rates are 7.10% for home loans and 7.45% for car loans.
• This move follows the RBI's recent 25 bps repo rate cut.

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