Bank of Maharashtra raises BPLR

Pune, Aug 9 (UNI) Bank of Maharashtra (BoM) has announced that it will raise its benchmark prime lending rate (BPLR) to 14 per cent from 13.50 at present, with effect from August 11.

However, the Bank has left interest rates on educational loan unchanged.

Similarly, the enhanced interest rates for housing, automobile and vehicle loans shall be applicable only for new loans sanctioned and availed after August 11. The existing housing, automobile and vehicle loans shall not be affected by the increase in BPLR, a BoM release said here today.

UNI SP SSS SKB2003