Interest Rates on Loans & Advances
Category |
Rate of Interest* p.a. |
Educational Loans
Upto Rs. 5.00 lacs |
12.00% |
Gold Loans
6 Months scheme (MGL) with Quarterly Installments |
14.50% |
KCC against Warehouse Receipts |
13.50% to 15.50% (as per credit rating) |
Against RBI Relief Bonds |
12.50% |
Against NSC'S , KVPs |
12.50% |
Advances against Rent Receivables |
12.50% to 15.50%(as per credit rating) |
Housing Loans: a. upto Rs.25 lacs c. Above Rs.25 lacs |
11.00% to 14% 12% to 15% |
Mahesh Easy Loan for Professionals |
14.50% to 19%(as per Credit rating) |
Advances against Shares |
12.50% |
Vehicle Loans
|
13% to 15.50%(as per credit rating) 14% |
Mortgage Loans / Overdraft against immovable properties Upto Rs.5 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) 13.00% to 17.00%(as per credit rating) |
Mortgage loans/advances other than Business Development |
13.50% 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.
Basic Savings
Features
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
PMJDY
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.