Mahesh Sahakari Bank Interest Rates

I would like to know the various Interest rates for loans & advances of Mahesh Sahakari Bank?

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The various Interest rates for loans & advances of Mahesh Sahakari Bank are as follows:

The details are given in the below format:

Category
Rate of Interest* p.a.

Educational Loans

Upto Rs. 5.00 lacs
12.00%

Above Rs. 5.00 lacs to 20.00 lacs
13.50%


Gold Loans

3 Months Scheme with EMIs(MSGL)
12.00%

6 Months scheme (MGL)
16.00%

12 months (Bullet payment) (Max Rs. 1.00 lakh)(JL)
16.00%

Gold Overdraft (Minimum Rs. 1.00 Lakh)(GOD)
15.00%


KCC against Warehouse Receipts
13.50% to 15.50% (as per credit rating)


Against RBI Relief Bonds
13.50%


Against NSC'S , KVPs
13.50%


Advances against Rent Receivables
12.50% to 15.50%(as per credit rating)


Housing Loans:

a. upto Rs.25 lacs
14.50% to 16%

b. For Women borrowers upto Rs.25 lacs
14% to 16%

c. Above Rs.25 lacs
15% to 16%

d. For Women borrowers above Rs.25 lacs
(1% rebate on prompt payment)
14.50% to 16%


Mahesh Easy Loan for Professionals
15.00% to 19%(as per Credit rating)


Advances against Shares
12.50%


Vehicle Loans

Against Corporate Guarantee
13% to 15.50%(as per credit rating)

For borrowers enjoying credit limits with our bank with good track record
13%

Others
14%


Mortgage Loans / Overdraft against immovable properties

for Business Development

upto Rs.10 lacs (secured)
14.50% to 18.00%(as per credit rating)

Upto Rs.10 lacs(Unsecured including to Professionals)
15.00% to 19.00%(as per credit rating)


Above Rs.10 lacs(secured)
14.00% to 17.00%(as per credit rating)


Mortgage loans/advances other than Business Development
14.50% to 18.00%(as per credit rating)

• Conditions apply