o;? Bank of Maharashtra
Mahabank Scheme for units engaged in Hospitality
  • Existing/Prospective owners of Hotels, Restaurants, Fast Food Centers, Pizza Centers (Franchise), Caterers, Motels (Dhaba), Bakeries, Mess, Tour Operators, Water Sports, Amusement Parks, Floating Restaurants, House Boats etc.
  • Individuals, Proprietorship, Partnership Firm, LLP, & Corporates
    [Investments in equipment should be less than Rs 5.00 crore for classifying under MSME sector as per MSMED Act]
  • The owner of the property invariably be taken as personal guarantor to the credit facilities.
  • Purchase of land & construction/premises for running small hotel/restaurant. The finance for purchase of Land in project cost shall not exceed 25% of the total project cost.
    • Furniture & Fixtures
    • Kitchen Equipments
    • Interior Decoration
    • Purchase of Vehicles, Boats for activity purpose
    • Modernization of existing facilities
  • Working Capital
Nature of Facility Term Loan, Working Capital
Quantum of
Term Loan: Min. Rs 0.10 crore; Max. of Rs 10.00 crore
Working Capital: Min. Rs 0.10 crore; Max. of Rs 2.00 crore

Total exposure including TL & WC should not exceed Rs 10.00 crore under the scheme
Margin Micro & Small Enterprises: Minimum 20%
Medium Enterprise: Minimum 25%
Rate of
For Advances upto Rs.5.00 Crore: 1 Year MCLR(8.60%)+1.75%+BSS(0.25%) i.e. 10.60% p.a. at present
For Advances above Rs.5.00 Crore to Rs 10.00 Crore: 1 Year MCLR(8.60%) + 2.00% + BSS(0.25%) i.e.,10.85% 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 : 0.80% 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: Rs 15,000/- 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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