Why ULIP mis-selling has become rampant ?

Why is there so much mis-selling of ULIP? How to avoid this mis-selling? Who should take ULIP?

The bank offers housing and car loans with interest rates starting from 6.90% and 7.30%, respectively. The retail products are backed by several lucrative features like two free EMIs on regular repayment in the home loan, loan facility up to 90%  in the car and housing loans, and no pre-payment or pre-closure or part payment charges etc, it said.

Bank of Maharashtra on Thursday announced various offers for its retail customer, including waiver of processing fee for gold, housing, and car loans till September 30, 2021.

The lender is offering housing loans and car loans at an interest rate starting from 6.90% and 7.30%, respectively, a release said.

The retail loan products are backed by several features like two free EMIs on regular repayment in housing loans, loan facility up to 90% in car and housing loans, no prepayment or pre-closure or part payment charges, it said.

The lender said it has revamped its gold loan scheme and is offering loans up to Rs 20 lakh at an interest rate of 7.10%. There is zero processing fee for gold loans up to Rs 1 lakh.

Published: August 5, 2021, 19:23 IST
Exit mobile version