Mahalaxmi Bikas Bank Introduces Single-Digit Interest Rates on Diverse Loan Products

Mahalaxmi Bikas Bank is offering a range of loans at a single-digit interest rate of 9.99%, including:

1. Mahalaxmi Home Loan: Up to Rs. 5 crores for residential, commercial real estate, or home renovations, with repayment terms from 2 to 30 years.

2. Mahalaxmi Business Loan: For small and medium businesses, with terms ranging from 1 to 15 years.

3. Mahalaxmi Vehicle Loan (Personal): Up to 80% of the VAT or quotation price for electric vehicles (up to Rs. 3 crores) and up to 50% for non-electric vehicles.

4. Mahalaxmi Green Loan: Targeting eco-friendly initiatives.

The bank, with a 30-year history of providing quality financial services, recently resolved at its 22nd annual general meeting to seek strategic partnerships with foreign banks or financial institutions. Loan applications can be submitted via a provided QR code.