Mahabank Scheme for Contractors

Eligibility

• 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

Purpose

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
Finance

Minimum Rs.10 Lakhs Maximum Rs. 10.00 Crore

Margin

• Micro & Small Enterprises: Minimum 20% upfront
• Medium Enterprise: Minimum 25% upfront

Rate of
Interest

RLLR based 

• Incentive by way of ROI reduction if collateral is provided.
• CGTMSE cover available for loan upto Rs. 2 crore.

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