Mahabank Scheme for units engaged in Hospitality

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
• The owner of the property invariably be taken as personal guarantor to the credit facilities.

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

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%

Rate of
Interes

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 : 0.80% 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