BoM Cuts Loan Rates by 25 bps; Home, Car Loans Now Cheaper

• Bank of Maharashtra (BoM) reduced retail loan interest rates by 25 basis points.
• This reduction follows the RBI's 25 bps cut in the repo rate.
• New home loan rates start at 7.10%, and car loan rates at 7.45%.
• The move makes home, car, and education loans cheaper and will lower EMIs for existing customers.

Why It Matters: Bank of Maharashtra cuts loan rates, making home/car loans cheaper and EMIs lower.