MAHESH BANK

Mahesh Shiksha Loan for deserving/meritorious students for pursuing higher studies in India/Abroad.
1.Eligibility : Indian Nationals within the area of operation of the Bank.
2.Quantum : For Studies in India : Max. Rs.10.00 Lakhs
               For Studies Abroad : Max. Rs.20.00 Lakhs
3.Security :  
Primary : Minimum 150% of the loan
Collateral : Personal guarantee of Parent(s); Third Party; Owner of the Property.
4. Repayment Period : Maximum 5 years.
5. Repayment Mode : PDC’s issued/standing instructions to debit their savings account with us, by the parent of the applicant or Third Party.
6.Courses covered :
In India – Professional Graduate/Post Graduate Courses Offered by prestigious/reputed institutions.
Abroad – Graduate/Post Graduate Courses.

1. Rs 1400/- per Gram on Net weight for 90 days.
2. Rs. 1400/- per Gram on Net weight for 12 months [Billet payment].
3. Rs. 1400/- per Gram for Gold Overdraft.

1. For 2 Wheelers upto 70% of cost of Vehicle
2. For 3 Wheelers 90% of cost of Vehicle
3. For 4 Wheelers upto 75% of cost of Vehicle

1. For Purchase of Consumer durables & Household articles (60% of the cost )
2. For Purchase of Computer (50% of the cost )

Upto 60% of face value of NSCs

Upto 50% of face value of KVPs

Spot Sanction (Upto 70% of Face Value) least formalities.

1. For construction of House/Flat.
2. For purchase of House/Flat.
3. For renovation of House/Flat.
4. For purchase of Open plot for House Construction.
5. Quantum of loan-up to Rs.50 lakhs.

1. Cash Credits against stocks and Book Debts.
2. Key Cash Credit against pledge of Stocks / Warehouse or Cold Storage receipts.
3. Overdraft against property.

1. Working Capital Facility
   a. O.C.C against stocks.
   b. O.C.C against Book Debts.
   c. Bill Discounting / Bill drawn under L.C. Discounting.
   d. Adhoc Limit for Seasonal Industries.
   e. O.D. against mortgage of property.

2. Term Loan
   a. For acquisition of Machinery and Assets.
   b. For Construction of buildings.

1. For purchase of medical equipments, books etc.
2. Modernization/ improvement of clinic/ labs/ office.
3. Pursuing higher studies and to meet urgent contigencies.
4. Nature of facilility OD/Loan.
5. Repayment Period :-
a) for Loan - maximum period of 60months. b) for OD - 1 Year renewable thereafter.
6. Collateral :- upto 2 lakhs -NIL, above 2 lakhs - 100% of sanctioned amount.
7. Mode of repayment :- for Loan - post dated cheques.

Interest Rate : 13%

Interest Rate : 16% to 18%

1. Maximum Limit : Rs. 10.00 Lakhs
2. Duration : One Year
3. Purpose : Any Purpose except share broking business
4. Security : a) Pledge of shares
b) Personal guarantee of third party having adequate income and net worth
5. Margin : 50%
6. Shares eligible for finance : Actively traded "A" group shares on BSE & Nifty in NSE.
7. Form of Shares Demat form only.

1. Consortium Finance
2. Issue of Bank Guarantees
3. Personal Loans
4. Group Loans
5. Bill discounting against LC
6. Issue of ILC / FLC