Loan Interest Rates

Interest Rates on Loans & Advances



Rate of Interest* p.a.

Educational Loans

Upto Rs. 5.00 lacs

Above Rs. 5.00 lacs to 20.00 lacs




Gold Loans

3 Months Scheme with EMIs(MSGL)

6 Months scheme (MGL)

12 months (Bullet payment) (Max Rs. 1.00 lakh)(JL)

Gold Overdraft (Minimum Rs. 1.00 Lakh)(GOD)






KCC against Warehouse Receipts

13.50% to 15.50% (as per credit rating)

Against RBI Relief Bonds


Against NSC'S , KVPs


Advances against Rent Receivables

12.50% to 15.50%(as per credit rating)

Housing Loans:

a. upto Rs.25 lacs

b. For Women borrowers upto Rs.25 lacs

c. Above Rs.25 lacs

d. For Women borrowers above Rs.25 lacs

(1% rebate on prompt payment)

14.50% to 16%

14% to 16%

15% to 16%

14.50% to 16%

Mahesh Easy Loan for Professionals

15.00% to 19%(as per Credit rating)

Advances against Shares


Vehicle Loans
  • Against Corporate Guarantee  
  • For borrowers enjoying credit limits with our bank with good track record
  • Others


13% to 15.50%(as per credit rating)



Mortgage Loans / Overdraft against immovable properties

for Business Development
upto Rs.10 lacs (secured)
Upto Rs.10 lacs(Unsecured including to Professionals)
Above Rs.10 lacs(secured)

14.50% to 18.00%(as per credit rating)

15.00% to 19.00%(as per credit rating)

14.00% to 17.00%(as per credit rating)

Mortgage loans/advances other than Business Development

14.50% to 18.00%(as per credit rating)

* Conditions apply

Loan Schemes

Mahesh Bank offers various credit facilities suiting the needs of the customers under different schemes.

  • Gold Loans
  • Mahesh Shiksha Loan (for education in India/Abroad)
  • Vehicle Loans
  • Consumer Loans
  • Mahesh Bank's NSC / KVP Loans/OD Facility
  • Housing Loans
  • Loans for Business
  • Industrial Finance
  • Mahesh Easy Loan for Professionals
  • GOD - Gold Overdraft
  • CAP - Credit Against Property
  • Loans & Advances Against Shares
  • Other Loan Facilities

Basic Savings


No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities



The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.