o;? Bank of Maharashtra
Mahabank Scheme for Contractors
  • Civil Contractors, Mining Contractors, Engineering Contractors, Transport Contractors, Electrical Contractors, Road Contractors, Irrigation Contractors, Pipeline Contractors etc established as Proprietorship / Partnership firms / Limited Companies
  • Individuals, Proprietorship, Partnership Firm and limited companies eligible to be classified as MSME under the MSMED Act, 2006 with Credit Rating
    (Internal/External as applicable) of BBB and above
  • MSME Units engaged in the business line at least for the last 3 years
  • Having Audited Financial Statements for last 2 years
  • Profit making for last 3 years
  • CIBIL Score as under
    • For Individuals viz., partners and proprietor 700 and above
    • For Commercial Report CIBIL MSME Rank (CMR) CMR 1 to CMR 5
  1. Cash Credit, FLC/ILC & BG facility for meeting working capital requirement
  2. Term Loan for purchase of equipment/machinery/vehicle.
Nature of Facility Fund Based: Term Loan & Cash Credit
Non Fund based: FLC/ILC, Bank Guarantee, Deferred Payment Guarantee
Quantum of
Minimum Rs.10 Lakhs Maximum Rs. 10.00 Crore
Margin Micro & Small Enterprises: Minimum 20% upfront
Medium Enterprise: Minimum 25% upfront
Rate of
For Advances upto Rs.5.00 Crore: 1 Year MCLR(8.60%)+1.00%+BSS(0.25%) i.e.,9.85% p.a. at present
For Advances above Rs.5.00 Crore to Rs 10.00 Crore: 1 Year MCLR(8.60%) + 1.50% + BSS(0.25%) i.e.,10.35% p.a. at present
Fees & Charges Processing Fee :
For Working Capital :
(New): 0.25% p.a + GST
(Review & Enhancement): 0.30% p.a. + GST

For Term Loan : 0.75% of Sanctioned Amount + GST
Term Loan (Review): On O/s. Balance
Upto Rs 0.25 crore: Nil
Above Rs 0.25 crore: 0.10% (Max. Rs 1.00 lakh)+ GST

Supervision/Inspection Charges : Upto Rs 1.00 crore: 0.0625% per quarter. Max. Rs 10,000/- p.a. + Cost of visit (Actual)
Above Rs 1.00 crore: Rs15,000/- p.a. + Cost of visit (Actual)

Documentation Charges : As per Service Charges of the Bank which are presently as under: 0.25% Max. Rs. 50,000/- +GST
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