Loan Interest Rates

Interest Rates on Loans & Advances (With effect from 01.11.2021)



Rate of Interest* p.a.

Educational Loans

Upto Rs. 5.00 lacs
Above Rs. 5.00 lacs and upto Rs.20.00 lakhs
Above Rs. 20.00 lakhs


Gold Loans

6 Months scheme with 2 Euated monthly Installments
12 months (Bullet payment) Mahesh Flexi Gold Loan
Gold Overdraft (only for business purposes and to be supported by business proof & financials)



KCC against Warehouse Receipts

8.50% to 12% (as per credit rating)

Govt.Securities i.e. Bonds/Securities issued by State, Central Govt and RBI Relief Bonds, LIC Policies, NSC/KVP etc.

8% TO 10.50% (As per Credit Rating)

Advances against Rent Receivables

9% to 11.50%(as per credit rating)

Housing Loans:
a. uptoand incluive Rs.25 lacs

c. Above Rs.25 lacs

6.90% to 10.50%

9% to 12%(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


9% to 12%(as per credit rating)
As per rate applicable to respective a/cs or 9% whichever is lower


MSME Loans:
a)MSME (Secured)Loans

b)MSME (UnSecured)Loans

c)Non-MSME (Secured)Loans

d)Non-MSME (UnSecured)Loans


a)9% to 16%

b)10% to 17%

c)9.50% to 16.50%

d)10.50% to 17.50%(as per credit rating)

* For All above categories of products/services - 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.