Mahalaxmi Bikas Bank launches new housing loan scheme with fixed rate of interest; customers can receive upto 90% of their investment as loan from bank for maximum 25 years

Mon, Dec 23, 2019 10:58 PM on Corporate, Latest,

Mahalaxmi Bikas Bank has launched its new housing loan in the market. under the scheme, customers can avail loan facility of upto 90% of the investment for the construction of a house while upto 70% of the total cost while purchasing a new house.

The loan scheme also guarantees a fixed rate of interest in order to shield the customers from possible fluctuation in the interest rate during the loan repayment period. Customers can also receive free accidental insurance policy under this scheme, as per the media statement.

The bank currently has 102 branches and 35 ATM booths under its network.