Good news for loan borrowers! Bank of Maharashtra cuts lending rates by 0.10 per cent to 8.60 per cent Good news for loan borrowers! Bank of Maharashtra cuts lending rates by 0.10 per cent to 8.60 per cent – personal and home loans are priced. A day after the RBI cut the key repo rate , public sector bank of Maharashtra Friday announced to cut the benchmark one-year MCLR by 0.10 per cent to 8.60 per cent..Home buyers should make the most of stable repo rate The Monetary Policy Committee (MPC) announced that the repo rate will remain at 7%. According to Dr Andrew Golding, CE of Pam Golding Property Group, the South African Reserve Bank (SARB) made the right decision to keep the repo rate on hold.
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