MAHESH BANK

Corporate Loans

Industrial Finance Industrial Finance

WORKING CAPITAL & TERM LOANS
Purpose:

  • Production and Service Development

Eligibility

  • Manufacturer and Persons engaged in service industries ( Ex. Hospitals)

Margins:

  • For Machinery and Equipments -  25 % ( Depending upon the nature of equipment/ Machinery)
  • For Electrical Equipment – 25% to 50%
  • For Factory Shed and Building – 25% to 50%

Rate of Intrest

  • Different rates upto Rs. 10.00 Lacs and above Rs. 10.00 Lacs

Repayment:

  • In case of Term Loan :
  • 84 Months including moratorium.
Limits For Business Limits For Business

Eligibility:
Limits are extended to traders and manufacturers for

  • Trading activity - Open Cash Credit (OCC)
  • Manufacturing Activity - Small Scale Cash Credit (SSCC)

Purpose: 

  • Business Development.

Security:
Primary:

  • Hypothecation Stocks
  • Assignment of receivables ( Not exceeding 40% of Total Limits Sanctioned at any point of time)

 Collateral:

  •  Mortgage of immovable property/ies (In case the limit is more than Rs. 5 Lacs )
  •  Personal Guarantee of One / two persons.

 Amount of facility:

  • Depending upon the constitution of the applicant / borrower as per his eligibility.

Margins :

  • Raw Material – 25%
  • Stocks in proccess – 25% to 40%,
  • Finished Goods -  25% to 30%
  • Stocks in trading activity – 25% to 50%,
  • Book Debts ( Receivables)  - 25% to 50%
  • Maximum amount of limit against book debts (Out of total sanctioned limit) –  Not exceeding 40% of limit sanctioned at any point of time.

Rate of Interest
Different rates upto 10 lacs and above 10 Lacs.

Validity: 
12 months for limits.

Mortgage Loans Mortgage Loans

LOANS AND LIMITS AGAINST IMMOVABLE PROPERTIES

 

Mortagage Loans , Overdraft against other securities, Mortagage Loans and rent securitisation scheme.
ELIGIBILITY

  • Individuals / Proprietary / Partnership Firms and joint stock companies are eligible under the scheme.

SECURITY

  • Primary :
    • Immovable property other than agriculture land.
    • Future rent receivables.
  • Collateral:
    • Personal Guarantee of third party and / or owners of properties offered as security

MARGIN

  • On Purchase / Construction of Open Plot / Commercial Property – 25% to 50%
  • On Sale consideration OR Distress Value of the property - 30% to 50%
  • On rent receivables – 10% to 20%

RATE OF INTEREST

  • Different rates upto 10 lacs and above 10 Lacs.

PURPOSE

  • Under rent securitisation scheme
  • For Business Development
  • Other purposes.

AMOUNT OF FACILITY

  • Minimum 0.50 lacs, Maximum depending up on the scheme and constitution of the applicant as under:
    • Individuals / Proprietary Firms Rs 1000 lacs
    • Partnership firms , Trusts, Societies – Rs. 1000 Lacs
    • Public / Private Limited Companies – Rs. 1500 Lacs

REPAYMENT / VALIDITY PERIOD:

  • Limit 12 months
  • Loan maximum 120 Months including moratorium period.
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