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Business, & agriculture finance

Mahabank Credit Scheme

Fund-based and non-fund-based working capital above ₹10 lakh and up to ₹25 crore for -registered with at least one year in business and current returns.

Facility amountAbove ₹10 lakh and up to ₹25 crore.Interest rateCurrent RLLR benchmark: 8.05% p.a.; final rate adds the sanctioned spread, with a possible collateral concession.Customer typeGST-registered MSME manufacturers, traders and service enterprises under sole banking.
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Quick eligibility check

Mahabank Credit Scheme

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: GST-registered MSME manufacturers, traders and service enterprises under sole banking?

Published source: Customer type

2Do you meet this requirement: Application and KYC?

Published source: Required documents

3Do you meet this requirement: Udyam/GST and entity records?

Published source: Required documents

4Do you meet this requirement: net worth/ITRs?

Published source: Required documents

5Do you meet this requirement: GST returns?

Published source: Required documents

6Document checkDo you have this required document or proof: Signed application/request?

Published source: Required documents

7Document checkDo you have this required document or proof: Borrower, promoter, director and guarantor KYC?

Published source: Required documents

8Document checkDo you have at least one of these required documents: Udyam registration and applicable CIN, GST, LEI or IEC records?

Published source: Required documents

9Document checkDo you have this required document or proof: Constitution documents and incorporation records?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Mahabank GST Credit Scheme
Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Customer typeGST-registered MSME manufacturers, traders and service enterprises under sole banking.View source
Complete eligibility row reviewed.
Source
Mahabank Credit Scheme
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Business vintage / GST returnsAt least one year in business; latest three months' GSTR-1 or latest quarter's GSTR-4.View source
Complete eligibility row reviewed.
Source
Mahabank Credit Scheme
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Facility amountAbove ₹10 lakh and up to ₹25 crore.View source
Published minimum and maximum reviewed.
Source
Mahabank Credit Scheme
Page / section
Quantum of finance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateCurrent RLLR benchmark: 8.05% p.a.; final rate adds the sanctioned spread, with a possible collateral concession.View source
Scheme is -linked; current official is 8.05%; numeric spread is not published on the reviewed sources.
Source
Credit Scheme and current notice
Page / section
Rate row; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureNot published.View source
No facility-tenure value appears on the complete page or applicable schedules.
Source
Mahabank Credit Scheme
Page / section
Complete page and applicable schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Collateral / securityInventory and receivables are primary security; no collateral or third-party guarantee when covered by CGTMSE, available up to ₹5 crore.View source
Complete security and rows reviewed.
Source
Mahabank Credit Scheme
Page / section
Security; rate
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeBase working-capital fee: 0.35% p.a. above ₹5 lakh. For eligible takeover/new-to-bank borrowers, CMR 1-2: nil; CMR 3-4: 50% concession.View source
Scheme-specific concession and base working-capital tariff reviewed.
Source
Credit Scheme and Service Charges
Page / section
Scheme processing table; page 80
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsApplication and KYC; Udyam/GST and entity records; net worth/ITRs; GST returns; audited financials; CMA/projections; banking and security records; rating/TEV/licences where thresholds apply.View source
All 14 checklist rows preserved in the attached table.
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 and application route reviewed.
Source
Mahabank Credit Scheme
Page / section
Official application route
Accessed
31 Aug 2026
Confidence
medium
Open official source ↗
Cash-credit foreclosure2% of sanctioned limit only for takeover to another financial institution; not applicable to micro and small enterprises.View source
Applicable cash-credit foreclosure row reviewed with its exemption.
Source
Service Charges - All Credit
Page / section
page 93, row 9
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Working-capital facilities above ₹10 lakh and up to ₹25 crore
  • Fund-based and non-fund-based limits
  • route up to ₹5 crore
  • Published processing-fee concessions for qualifying new-to-bank borrowers

Eligibility

  • trading, service or manufacturing activity of any constitution with at least one year in business; REG-25 or REG-06; latest three months' GSTR-1 or latest quarter's GSTR-4; sole-banking relationship.

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

Documents the bank lists

  • Signed application/request
  • Borrower, promoter, director and guarantor
  • Udyam registration and applicable , , LEI or IEC records
  • Constitution documents and incorporation records
  • Promoter and guarantor net-worth certificates and latest
  • Board borrowing resolution for a company
  • -certified net worth with valid UDIN
  • Verified returns
  • Two years' audited financials
  • /projections
  • Banking arrangements and existing sanction letters
  • TEV report above ₹15 crore
  • Primary/collateral property deeds
  • External credit rating above ₹25 crore
  • Business-specific licences and documents

Related official documents

MCLR and RLLR with Effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗
Mahabank GST Credit Schemeofficial-product-page · current · accessed 31 Aug 2026
↗
Bank's MSME Schematic Loansofficial-catalogue-page · current · accessed 31 Aug 2026
↗
Documents Need to Be Submitted for MSME Loanofficial-checklist-page · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME, Agriculture and All Creditofficial-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

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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.

One monthly payment₹20,989twenty thousand nine hundred eighty-nine rupees
Interest paid over the full loan₹25,37,327twenty-five lakh thirty-seven thousand three hundred twenty-seven rupees
Everything you repay₹50,37,327fifty lakh thirty-seven thousand three hundred twenty-seven 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

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Eligibility · Published detail trading, service or manufacturing; any constitution; at least one year in business; REG-25 or REG-06; latest three months' GSTR-1 or latest quarter's GSTR-4; sole banking

This value is copied from Mahabank Credit Scheme - complete published parameters. Check the table notes before relying on it.

Source: Mahabank Credit Scheme · Complete parameter tables Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 8 rows · 2 columnsMahabank GST Credit Scheme - complete published parametersView tableHide table

Scroll sideways to view every column

Mahabank GST Credit Scheme - complete published parameters
ParameterPublished detail
Eligibility trading, service or manufacturing; any constitution; at least one year in business; REG-25 or REG-06; latest three months' GSTR-1 or latest quarter's GSTR-4; sole banking
PurposeNeed-based working capital
FacilityFund-based and non-fund-based working capital
QuantumAbove ₹10 lakh and up to ₹25 crore
Margin25% of paid stock and receivables
Rate-linked; collateral may reduce rate; available up to ₹5 crore
SecurityInventory and receivables; no collateral or third-party guarantee under
Processing feeAs per guidelines; new/fresh 1-4; eligible takeover/new-to-bank 1-2 nil and 3-4 50% concession
Mahabank Credit Scheme · Complete parameter tables · 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
1Borrower request / duly filled and signed application
2 of borrower, promoters, directors and guarantors: published identity and address proofs
3Udyam certificate; applicable , , LEI and IEC; constitution/incorporation records; promoter/guarantor net worth and latest
4Company board resolution certifying borrowing powers
5Latest -certified net worth with valid UDIN for borrowers/guarantors
6Verified returns for last completed year through latest completed month, where applicable
7Last two years' audited financials
8Signed/stamped or projections: at least two years for working capital; through term-loan period for term finance
9Banking arrangement with latest outstanding and unavailed position
10Existing facility sanction letters from other banks, where applicable
11TEV report above ₹15 crore under applicable guidelines
12Lease/title deeds for all primary and collateral properties
13External credit risk rating above ₹25 crore
14Business/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 · 6 rows · 3 columnsBank of Maharashtra benchmark rates effective 25 July 2026View tableHide table

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Bank of Maharashtra benchmark rates effective 25 July 2026
Benchmark / tenorResidual maturityRate p.a.
Overnight 1 day7.30%
One-month >1 day to 1 month8.30%
Three-month >1 to 3 months8.55%
Six-month >3 to 6 months8.90%
One-year >6 months9.00%
External benchmark8.05%
and effective 25.07.2026 · page 1 · accessed 31 Aug 2026Open official source ↗
Table 4 · 7 rows · 3 columnsMSME processing-fee schedule - complete applicable rowsView tableHide table

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MSME processing-fee schedule - complete applicable rows
FacilityAmount bandCharge excluding
Working capitalUp to ₹5 lakhNil
Working capitalAbove ₹5 lakh0.35% p.a.; renewal same; no concession for enhancement within one year
Government-sponsored working capitalAll published amountsNil
Term loanUp to ₹5 lakhNil
Term loanAbove ₹5 lakh to ₹25 crore1% of sanctioned limit
Term loanAbove ₹25 crore to ₹100 crore0.80% of sanctioned limit
Term loanAbove ₹100 crore0.70% of sanctioned limit
Service Charges - Commercial, & Agriculture Credit · pages 80-81 · accessed 31 Aug 2026Open official source ↗
Table 5 · 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 / eventCharge excluding Condition
Cash-credit foreclosure2% of sanctioned limitOnly for takeover to another financial institution; not applicable to micro and small enterprises
Loan/CC closure incidental charge₹150Except LAD, government-sponsored schemes and staff loans
Term-loan prepayment other than retail and 2% of prepaid amountWhen prepaid amount exceeds 25% of sanctioned limit; nil if principal outstanding is below 25%; not applicable to
Floating non-business loan to individualNilAll floating-rate loans and advances
Floating business-purpose loan to individual or NilAll floating-rate loans and advances
Service Charges - Applicable to All Credit · pages 93-94 · accessed 31 Aug 2026Open official source ↗

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