Bank | Bank of Maharashtra |
Scheme | Mahabank Scheme for contractors |
Description | The loan is meant for contractors and sub-contractors meet their Working Capital needs or purchase equipment, machinery or vehicle |
Eligibility |
|
Rate of Interest & Repayment | RLLR based
Incentive by way of ROI reduction if collateral is provided. CGTMSE cover available for loan upto Rs. 2 crore. |
Collateral | · |
Composite /loan Limit | Min Rs 10 Lakhs – Max Rs 10 crore |
Margin | Micro & Small Enterprises: Minimum 20%
Medium Enterprise: Minimum 25% |
Detail Link | View Link |