Gold Loan
A) Mahesh Smart Gold Loan (MSGL)
B) Mahesh Gold Loan Scheme (MGL)
C) Gold Loan (GL)
D) Gold Overdraft (GOD)
E) Gold Valution Method
Housing Loans
Purpose:
Eligibility:
Property should be in the sole name of the women borrower. Women Applicant should have regular income either by way of salary / business / professional income / other income (Rents etc …) and should be an IT Assese.
Margin:
Rate Of Interest:
(No rebate for prompt repayment of EMIs for the loans sanctioned on/after 1.12.2015)
Maximum Loan Amount:
Repayment Period:
Industrial Finance
WORKING CAPITAL & TERM LOANS
Purpose:
Eligibility:
Margins:
Rate Of Interest:
Repayment:
Mahesh Bank's NSC / KVP Loans/OD Facility
Loans are extended for any lawful purpose against above securities
Eligibility:
Security:
Margin:
Amount Of Loan:
Repayment
Loans And Limits Against Immovable Properties
Mortagage Loans , Overdraft against other securities, and rent securitisation scheme.
Eligibility:
Security:
Margin:
Rate Of Interest:
Purpose:
Amount Of Facility:
Repayment / Validity Period:
Limits For Business
Eligibility:
Limits are extended to traders and manufacturers for
Purpose:
SECURITY:
Primary:
Collateral:
Amount of facility:
Margins :
Rate of Interest
Different rates upto 10 lacs and above 10 Lacs.
Validity:
12 months for limits.
Loans to Farmers Traders against cold storage and warehouse receipts
Loans under this facility are extended against warehouse / cold storage receipts
Eligibility:
Security:
Margin:
Amount Of Facility:
Repayment:
Mahesh Micro Credit Loan (MMC) under Financial Inclusion
Facility:
Clean Loan
Eligibility:
Individuals who are in under- privileged sections of the society to bring them to Banking ambit and provide assistance for their academic and social betterment. Like Daily Wage earners, Petty Traders like Vegetable Vendors, Cobblers, Un-skilled / Semi-skilled workers etc..
Purpose:
To improve their Business and Standard of Living.
Maximum Amount of Loan:
Rs. 9500/-
Repayment:
Within 100 days.
Mahesh Mahila Vehicle (2 Wheeler) Loan
Facility:
Eligibility:
Purpose:
Security:
Quantum of Loan:
Margin:
Rate of Interest:
Repayment:
Mahesh Shiksha Loan
Mahesh Shiksha Loan for deserving/meritorious students for pursuing higher studies in India / Abroad.
Eligibility:
Indian Nationals within the area of operation of the Bank.
Quantum:
For Studies in India : Max. Rs.10.00 Lakhs
For Studies Abroad : Max. Rs.20.00 Lakhs
Security :
Primary : Minimum 150% of the loan amount for the loans above Rs. 0.50 Lacs.
Collateral : Personal guarantee of Parent(s); Third Party; Owner of the Property.
Repayment Period:
Maximum of 60 to 84 months excluding moratorium period i.e., Study Period + 12 Months after completion of studies / 3 months after getting a job whichever is earlier.
Repayment Mode:
PDC’s issued/standing instructions to debit their savings account with us, by the parent of the applicant or Third Party.
Courses covered:
In India – Professional Graduate/Post Graduate Courses Offered by prestigious/reputed institutions.
or any other courses as per the discretion of the bank.
Abroad – Graduate/Post Graduate Courses offered by Foreign Universities.
Mahesh Vehicle Loan Scheme: (4 Wheelers)
Eligibility:
Security:
Repayment:
Margin:
Quantum Of Loan:
Vehicle Loans
VEHICLE LOANS - 2/3/4 Wheelers ( Second Hand Vehicles only 4 wheelers) including against corporate Guarantee :
Eligibility:
Security:
Repayment:
Margin:
( All the above margins are on Ex-Showroom Price )
Caution Deposit:
Advances Against Approved Shares
Eligibility / Quantum of Loan :
Margin : 50% of the Market Value
Rate of Interest : 12.50%
Facilitiy will be sanctioned as a Overdraft.
Mortagage Loans on Simplified Norms
Eligibility: Individuals / Proprietors / Partnership Firm / Joint Stock Companies are eligible.
Purpose : Any legitimate purpose ( Not for speculative / Commercial Real Estate / Capital Market Activities.
Quantum of Loan : Maximum Rs. 30.00 Lacs
Margin : 30 to 50% of value of property(ies) offered as security.
Rate of Interest : Based on Credit Rating of the Borrower.
Repayment Period : Maximum 120 Months.
Educational Loans ( Non Priority)
Quantum of Loan : For studies in India – Rs. 20.00 Lacs, For Studies Abroad – Rs. 50.00 Lacs
Security: Mortagage of Immovable properties acceptable to the Bank, with value covering 150% of the Loan Amount OR Pledge of our Bank Deposits, Value equivalent to loan amount i.e., 100% coverage.
Rate of Interest : Above Rs. 5.00 Lacs to Rs. 50 Lacs - 13.50%
Repayment : Maximum 10 to 15 years in EMI.
Other Loan Facilities
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.