BoM slashes retail loan rates 25 bps following RBI repo cut

• Bank of Maharashtra (BoM) cut retail loan interest rates by 25 basis points.
• The rate reduction aligns with the RBI's recent 25 bps repo rate cut to 5.25%.
• New home loan rates start at 7.10%, and car loan rates begin at 7.45%.
• The reduction applies to all retail loans linked to the Repo Linked Lending Rate (RLLR).

Why It Matters: Bank of Maharashtra cuts loan rates, making borrowing cheaper for you.