Mahalaxmi Bikash Bank brings SME and housing loan in 9.99% interest; 100% of cost to be available as housing loan for 30 years

Sun, Jul 26, 2020 10:29 PM on Corporate, Latest,

Mahalaxmi Bikash Bank has launched its new SME and housing loan schemes with just 9.99% interest targeting the small and medium businesses that are mulling to set up new business or to expand their existing one and who are targeting to construct or purchase a new house.

In housing loan scheme, the bank will provide a loan of 100% of the cost for maximum of 30 years, will provide free accidental insurance, as per the media statement.

The bank provides its services to its 5 lakh plus customers from its 102 branches, as per the media statement.