Bank of Maharashtra- Loan for Entrepreneurs
Purpose of Loan:
For the endeavoring entrepreneur who dreams of setting up an
enterprise, the Bank has a number of financial schemes. The Bank finances the
Industrial Sector for setting up a unit for modernization, diversification,
up gradation, expansion.
Facility:
Bank finance can be availed in the form of :
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Term Loan for acquisition of machinery and fixed assets.
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Working capital by way of funded Cash Credit limit .
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Non fund facilities in the form of Letters of Credit /
Letters of Guarantee.
Rate of Interest:
The size wise rate of interest applicable for the entrepreneurs
for the first year of operations with the Bank.
|
Size of Advance |
Rate of Interest for units enjoying total fund
based limits above Rs.10.00 crores |
Concessional ROI For Small & Medium Enterprises
enjoying total fund based limits upto Rs.10.00 crores |
| Upto Rs.50000/- |
BPLR–3.00% i.e.9.25% |
BPLR–2.50% i.e.9.75% |
| Above Rs.50000 and upto Rs.2.00 lakh |
BPLR–2.50% i.e.9.75% |
BPLR–2.00% i.e.10.25% |
| Above Rs.2.00 lakh and upto Rs.25.00 lakh |
BPLR–1.75% i.e.10.50% |
BPLR–1.25% i.e.11.00% |
| Above Rs.25.00 lakh and upto Rs.1.00 crore. |
BPLR–1.00% i.e.11.25 % |
BPLR–0.50% i.e.11.75% |
| Above Rs.1 crore upto Rs. 10.00 crores Above Rs. 10.00
Crores. |
BPLR i.e.12.25% |
BPLR+0.50% i.e.12.75% |
| Above Rs.1 crore upto Rs. 10.00 crores Above Rs. 10.00
Crores. |
BPLR+1.000% 13.25% |
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For more information: Website
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