Mahabank Scheme for units engaged in Hospitality
Parameter | Details |
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Eligibility | - 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.
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Purpose | - 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
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Nature of Facility | Term Loan, Working Capital |
Quantum of Finance | 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%
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Rate of Interest | 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: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 |