Required documentsApplication/KYC; Udyam and entity records; net worth/ITRs; GST returns where applicable; audited financials and projections; banking records; vehicle quotation, permits and security documents.View source

Complete common checklist retained, with vehicle-specific records identified from the scheme purpose.

Source: Proposal Checklist
Page / section: Rows 1-14
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Geographic availabilityIndia, through Bank of Maharashtra's MSME lending network.View source

Official national bank product page reviewed.

Source: Vehicle Loan for Small Road Transport Operators
Page / section: Official product page
Accessed: 31 Aug 2026
Confidence: medium

Open official source ↗

Prepayment chargeNo prepayment charge for floating-rate business-purpose loans to individuals and MSEs; other term loans: 2% when prepayment exceeds 25% of sanctioned limit.View source

Applicable term-loan prepayment rows and exemptions reviewed.

Source: Service Charges - All Credit
Page / section: pages 93-94
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Up to ₹2 crore
15% minimum margin
Up to seven years including moratorium
cover available up to ₹2 crore

Eligibility

For eligible small road transport operators purchasing commercial vehicles.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Signed application/request
Borrower, promoter and guarantor
Udyam and applicable transport/business registrations
Constitution records
Net-worth certificate and
returns where applicable
Two years' audited financials
Repayment projections
Banking and existing facility records
Vehicle quotation
Permit and activity-specific documents
Security records

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableParameter

Facility and purpose · Published detailTerm loan to buy commercial vehicles for a small road transport operator

This value is copied from Commercial Vehicle Loan for Small Road Transport Operators - complete published details. Check the table notes before relying on it.

Source: Vehicle Loan for Small Road Transport Operators · Complete scheme summary Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 6 rows · 2 columnsCommercial Vehicle Loan for Small Road Transport Operators - complete published detailsView tableHide table

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Commercial Vehicle Loan for Small Road Transport Operators - complete published details
Parameter	Published detail
Facility and purpose	Term loan to buy commercial vehicles for a small road transport operator
Maximum	₹2 crore
Security	Hypothecation of purchased vehicle
Guarantee cover	available up to ₹2 crore
Margin	15% minimum
Repayment	Up to seven years including moratorium

Vehicle Loan for Small Road Transport Operators · Complete scheme summary · accessed 31 Aug 2026Open official source ↗

Table 2 · 14 rows · 2 columnsBank of Maharashtra MSME proposal checklist - all 14 rowsView tableHide table

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Bank of Maharashtra MSME proposal checklist - all 14 rows
No.	Required document
1	Borrower request / duly filled and signed application
2	of borrower, promoters, directors and guarantors: published identity and address proofs
3	Udyam certificate; applicable , , LEI and IEC; constitution/incorporation records; promoter/guarantor net worth and latest
4	Company board resolution certifying borrowing powers
5	Latest -certified net worth with valid UDIN for borrowers/guarantors
6	Verified returns for last completed year through latest completed month, where applicable
7	Last two years' audited financials
8	Signed/stamped or projections: at least two years for working capital; through term-loan period for term finance
9	Banking arrangement with latest outstanding and unavailed position
10	Existing facility sanction letters from other banks, where applicable
11	TEV report above ₹15 crore under applicable guidelines
12	Lease/title deeds for all primary and collateral properties
13	External credit risk rating above ₹25 crore
14	Business/entity-specific documents and licences case by case

Documents Need to Be Submitted for Loan · Complete checklist · accessed 31 Aug 2026Open official source ↗

Table 3 · 7 rows · 3 columnsMSME processing-fee schedule - complete applicable rowsView tableHide table

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MSME processing-fee schedule - complete applicable rows
Facility	Amount band	Charge excluding
Working capital	Up to ₹5 lakh	Nil
Working capital	Above ₹5 lakh	0.35% p.a.; renewal same; no concession for enhancement within one year
Government-sponsored working capital	All published amounts	Nil
Term loan	Up to ₹5 lakh	Nil
Term loan	Above ₹5 lakh to ₹25 crore	1% of sanctioned limit
Term loan	Above ₹25 crore to ₹100 crore	0.80% of sanctioned limit
Term loan	Above ₹100 crore	0.70% of sanctioned limit

Service Charges - Commercial, & Agriculture Credit · pages 80-81 · accessed 31 Aug 2026Open official source ↗

Table 4 · 5 rows · 3 columnsClosure, foreclosure and prepayment charges - complete applicable rowsView tableHide table

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Closure, foreclosure and prepayment charges - complete applicable rows
Facility / event	Charge excluding	Condition
Cash-credit foreclosure	2% of sanctioned limit	Only for takeover to another financial institution; not applicable to micro and small enterprises
Loan/CC closure incidental charge	₹150	Except LAD, government-sponsored schemes and staff loans
Term-loan prepayment other than retail and	2% of prepaid amount	When prepaid amount exceeds 25% of sanctioned limit; nil if principal outstanding is below 25%; not applicable to
Floating non-business loan to individual	Nil	All floating-rate loans and advances
Floating business-purpose loan to individual or	Nil	All floating-rate loans and advances

Service Charges - Applicable to All Credit · pages 93-94 · accessed 31 Aug 2026Open official source ↗

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Mahabank Commercial Vehicle Loan for Small Road Transport Operators

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

Chief Minister Employment Generation Programme (CMEGP)

Mahabank Scheme for Contractors

Credit Guarantee Scheme for Exporters (CGSE)

Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0)