The home loan business of the company surged to approximately Rs 33,918 crore in FY24, up by over 22 per cent from Rs 27,798 crore in FY23
Bank of Maharashtra offers a 0.25 per cent interest rate concession for existing housing loan borrowers and corporate salary account holders
But lenders can impose restrictive conditions on prepayment and foreclosure
India is now the world's fifth biggest market for passenger vehicles with annual domestic sale of about 3.2 million units