Gold Loan Gold Loan

A) Mahesh Smart Gold Loan (MSGL)

  • Duration of the Scheme - 30 Days
  • Rate per gram - as per the valuation method stated below
  • Rate of Interest – Contact your nearest branch.

B) Mahesh Gold Loan Scheme (MGL)

  • Duration of the Scheme – 6 Months.
  • Rate per gram - as per the valuation method stated below
  • No. of EQI (including interest) - 2
  • Rate of Interest – Contact your nearest branch.

C)  Jewel Loan (JL)

  • Duration of the Scheme – 12 Months (bullet repayment)
  • Rate of Interest - Contact your nearest branch.
  • Rate per Gram – As per the valuation method stated below.
  • Maximum Amount Rs. 2.00 Lacs per borrower

D) Gold Overdraft (GOD)

  • Duration of the Scheme – 12 Months
  • Rate per gram – As per the valuation method stated below.
  • Rate of Interest – Contact your nearest branch
  • Minimum – Rs. 2.00 Lacs, Maximum – Rs. 50.00 Lacs

E) Gold Valution Method

  • Gold Offered as security will have to be valued on last 30 days average price of 22 Carat Gold.
  • Loan to Value Ratio (LTV) should not exceed 75% of the value of the Gold Jewellery pledged.
  • The value of the Gold / Jewellery pledged is calculated based on the average value of 22 Caret Gold for the last 30 days.
Housing Loans Housing Loans


  • For Purchase / Construction OR Repairs / Renovations of House / Flat.
  • For Purchase of Open plot for House Construction.


  • All individuals are eligible including women borrowers.
  • In case of women borrowers she should be the sole applicant

Property should be in the sole name of the women borrower. Women Applicant should have regular income either by way of salary / business / professional income / other income (Rents etc …) and should be an IT Assese.

  • 25% of sale consideration / prevailing cost of construction per SFT / Cost of construction as per Engineer’s Estimate.
  • 50% of estimated cost of repairs / renovation.

Rate Of Interest:

  • Different Rate for loans upto Rs. 25.00 Lacs and Above Rs. 25.00 Lacs.
  • For women 0.50% less rate of interest than applicable to others.

( 1% rebate is given for prompt payment of instalments- Not for advance repayments )
Maximum Loan Amount:

  • Rs. 70.00 Lacs for construction and purchase
  • Rs. 2.00 Lacs for repairs and renovation in Rural and Semi-Urban Areas and Rs. 5.00 Lacs in Urban and Metro Areas.

Repayment Period:

  • Maximum 180 Months including moratorium period if any.
Industrial Finance Industrial Finance


  • Production and Service Development


  • Manufacturer and Persons engaged in service industries ( Ex. Hospitals)


  • For Machinery and Equipments - 25 % ( Depending upon the nature of equipment/ Machinery)
  • For Electrical Equipment – 25% to 50%
  • For Factory Shed and Building – 25% to 50%

Rate Of Interest:

  • Different rates upto Rs. 10.00 Lacs and above Rs. 10.00 Lacs


  • In case of Term Loan :
  • 84 Months including moratorium.
Mahesh Bank's NSC / KVP Loans/OD Facility Mahesh Bank's NSC / KVP Loans/OD Facility

Loans are extended for any lawful purpose against above securities

  • All individuals / firms


  • Assignment of NSCs /KVPs/ LIPs


  • 40% on face value for NSCs
  • 50% on face value for KVPs
  • 25% on surrender value of LIPs.

Amount Of Loan:

  • Depending upon the constitution of the borrower / applicant


  • For Loans - Maximum 35 months or Maturity Date of Security whichever is earlier.
  • For Limits – 12 Months / Maturity date of security whichever is earlier.
Loans And Limits Against Immovable Properties Loans And Limits Against Immovable Properties

Mortagage Loans , Overdraft against other securities, and rent securitisation scheme.

  • Individuals / Proprietary / Partnership Firms and joint stock companies are eligible under the scheme.


  • Primary :
    • Immovable property other than agriculture land.
    • Future rent receivables.
  • Collateral:
    • Personal Guarantee of third party and / or owners of properties offered as security


  • On Purchase / Construction of Open Plot / Commercial Property – 25% to 50%
  • On Sale consideration OR Distress Value of the property - 30% to 50%
  • On rent receivables – 10% to 20%

Rate Of Interest:

  • Different rates upto 10 lacs and above 10 Lacs.


  • Under rent securitisation scheme
  • For Business Development
  • Other purposes.

Amount Of Facility:

  • Minimum 0.50 lacs, Maximum depending up on the scheme and constitution of the applicant as under:
    • Individuals / Proprietary Firms Rs 1000 lacs
    • Partnership firms , Trusts, Societies – Rs. 1000 Lacs
    • Public / Private Limited Companies – Rs. 1500 Lacs

Repayment / Validity Period:

  • Limit 12 months
  • Loan maximum 120 Months including moratorium period.
Limits For Business Limits For Business

Limits are extended to traders and manufacturers for

  • Trading activity - Open Cash Credit (OCC)
  • Manufacturing Activity - Small Scale Cash Credit (SSCC)


  • Business Development.


  • Hypothecation Stocks
  • Assignment of receivables ( Not exceeding 40% of Total Limits Sanctioned at any point of time)


  • Mortgage of immovable property/ies (In case the limit is more than Rs. 5 Lacs )
  • Personal Guarantee of One / two persons.

Amount of facility:

  • Depending upon the constitution of the applicant / borrower as per his eligibility.

Margins :

  • Raw Material – 25%
  • Stocks in proccess – 25% to 40%,
  • Finished Goods - 25% to 30%
  • Stocks in trading activity – 25% to 50%,
  • Book Debts ( Receivables) - 25% to 50%
  • Maximum amount of limit against book debts (Out of total sanctioned limit) – Not exceeding 40% of limit sanctioned at any point of time.

Rate of Interest
Different rates upto 10 lacs and above 10 Lacs.
12 months for limits.

Loans to Farmers Traders against cold storage and warehouse receipts Loans to Farmers Traders against cold storage and warehouse receipts

Loans under this facility are extended against warehouse / cold storage receipts

  • Farmers and Traders


  • Pledge of Cold Storage / Warehouse receipts
  • Guarantee of cold storage / warehouse owners where the goods are stored.
  • Collateral Security in the form of property / ies including cold storage units for the overall limit


  • 40 to 50% of the market value of the produce as represented by the cold storage receipt.

Amount Of Facility:

  • Rs. 10 Lacs for individual within the overall limits sanctioned to the corporate guarantor


  • Maximum 12 months.
Mahesh Micro Credit Loan (MMC) under Financial Inclusion Mahesh Micro Credit Loan (MMC) under Financial Inclusion

Clean Loan
Individuals who are in under- privileged sections of the society to bring them to Banking ambit and provide assistance for their academic and social betterment. Like Daily Wage earners, Petty Traders like Vegetable Vendors, Cobblers, Un-skilled / Semi-skilled workers etc..
To improve their Business and Standard of Living.
Maximum Amount of Loan:
Rs. 9500/-
Within 100 days.

Mahesh Mahila Vehicle (2 Wheeler) Loan Mahesh Mahila Vehicle (2 Wheeler) Loan


  • Vehicle Loan


  • All women who have completed 18 years of age
  • Holding a valid driving license in her name.
  • Having Sufficient Income Supported by required documents.


  • Purchase of new two wheeler vehicle


  • Hypothecation of Vehicle to be purchased.
  • Personal Guarantee of a third party.

Quantum of Loan:

  • 70% of Ex-Showroom Price as evidenced by quotation from a reputed dealer.


  • 30% on Ex-Showroom price.

Rate of Interest:

  • 13.5% subject to change from time to time.


  • Maximum 60 EMIs.
Mahesh Shiksha Loan Mahesh Shiksha Loan

Mahesh Shiksha Loan for deserving/meritorious students for pursuing higher studies in India / Abroad.

Indian Nationals within the area of operation of the Bank.

For Studies in India : Max. Rs.10.00 Lakhs
For Studies Abroad : Max. Rs.20.00 Lakhs

Security :
Primary : Minimum 150% of the loan amount for the loans above Rs. 0.50 Lacs.
Collateral : Personal guarantee of Parent(s); Third Party; Owner of the Property.

Repayment Period:
Maximum of 60 to 84 months excluding moratorium period i.e., Study Period + 12 Months after completion of studies / 3 months after getting a job whichever is earlier.

Repayment Mode:
PDC’s issued/standing instructions to debit their savings account with us, by the parent of the applicant or Third Party.

Courses covered:
In India – Professional Graduate/Post Graduate Courses Offered by prestigious/reputed institutions.
or any other courses as per the discretion of the bank.
Abroad – Graduate/Post Graduate Courses offered by Foreign Universities.

Mahesh Vehicle Loan Scheme: (4 Wheelers) Mahesh Vehicle Loan Scheme: (4 Wheelers)


  • All existing borrowers who are enjoying secured credit facilities with our Bank with good track record of payment / conduct of borrowal accounts.


  • Hypothecation vehicle finance
  • Personal Guarantee of one person with reasonable networth.
  • Consent for extension of charge on property already mortagaged for existing credit facility(ies) .


  • Maximum 84 Months.


  • 10% (On – On Road Price)

Quantum Of Loan:

  • Maximum 90% of the on road price of the vehicle
Vehicle Loans Vehicle Loans

VEHICLE LOANS - 2/3/4 Wheelers ( Second Hand Vehicles only 4 wheelers) including against corporate Guarantee :

  • SRWTO (Single Road Water Transport Operators) are eligible against corporate guarantee
  • Individuals / Firms / Companies are also eligible for Vehicle Loans.


  • Hypothecation of Vehicle
  • Corporate Guarantee wherever applicable.
  • Personal Guarantee of one Person.


  • 2/3 wheelers maximum 36 months.
  • Others 60 months


  • 2 Wheelers – 30%
  • 3 Wheelers – 10-30 % against corporate guarantee
  • 3 Wheelers – For others 30%
  • 4 Wheelers – 25%

( All the above margins are on Ex-Showroom Price )

  • 4 Wheelers (Second Hand Vehicles) – 30% to 50% of Vehicle Value as certified by approved vehicle valuers.

Caution Deposit:

  • One month’s Instalment.
Other Loan Facilities Other Loan Facilities
  • Consortium Finance
  • Issue of Bank Guarantees
  • Personal Loans
  • Group Loans
  • Bills discounting against LCs 
  • are also extended to our Customers.