Business, & agriculture finance

Mahabank Professional Loan Scheme (MPLS)

Term finance above ₹10 lakh and up to ₹2 crore for eligible practising professionals, with a linked clean cash-credit sublimit up to ₹5 lakh and repayment up to seven years.

Facility amountAbove ₹10 lakh and up to ₹2 crore; linked clean cash credit up to 20% of term loan, capped at ₹5 lakh.Interest rateCurrent RLLR benchmark: 8.05% p.a.; final rate adds the sanctioned spread, with a possible collateral concession.Customer typeQualified, approved or registered chartered accountants, company secretaries and architects in independent practice, with MSME status and Udyam registration.

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✓ Manually checked 31 Aug 2026 · active

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 typeQualified, approved or registered chartered accountants, company secretaries and architects in independent practice, with MSME status and Udyam registration.View source

Complete eligible-group row reviewed.

Source: MPLS
Page / section: Eligible group
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Business vintage / experienceAt least two years' independent post-qualification practice; no numeric turnover floor.View source

Published experience rule reviewed.

Source: MPLS
Page / section: Eligible group
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Facility amountAbove ₹10 lakh and up to ₹2 crore; linked clean cash credit up to 20% of term loan, capped at ₹5 lakh.View source

Term-loan and linked cash-credit limits reviewed.

Source: MPLS
Page / section: Nature; quantum
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

link and current 8.05% benchmark reviewed; numeric spread is not published.

Source: MPLS and current notice
Page / section: Rate row; page 1
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

TenureUp to seven years.View source

Published maximum repayment reviewed.

Source: MPLS
Page / section: Repayment
Accessed: 31 Aug 2026
Confidence: high

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Collateral / securityCGTMSE cover available up to ₹2 crore; collateral may reduce the rate; linked cash credit requires additional charge on the term-loan asset.View source

Cash-credit charge, and collateral-concession conditions reviewed.

Source: MPLS
Page / section: Nature; rate
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Processing feeTerm loan: nil up to ₹5 lakh, then 1% through ₹2 crore. Working-capital fee: nil up to ₹5 lakh.View source

Applicable term and working-capital fee rows reviewed against product limits.

Source: Service Charges
Page / section: pages 80-81
Accessed: 31 Aug 2026
Confidence: high

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Required documentsApplication/KYC; qualification, statutory registration and practice evidence; Udyam/entity records; premises/equipment/vehicle papers; financials/projections; banking and security records.View source

Product-specific requirements and complete common checklist reviewed.

Source: MPLS and Checklist
Page / section: Eligibility and purpose; checklist 1-14
Accessed: 31 Aug 2026
Confidence: high

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

Official national bank product and application route reviewed.

Source: MPLS
Page / section: Official application route
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

Above ₹10 lakh and up to ₹2 crore
Up to seven years
Office premises, equipment, modernization and self-use vehicle covered
Clean cash-credit sublimit up to ₹5 lakh
route up to ₹2 crore

Eligibility

Qualified , CS or registered architect with central/state statutory approval, independent practice, at least two years' post-qualification experience, eligibility and Udyam registration.

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

Documents the bank lists

Signed application and
Professional qualification and registration
Two years' practice evidence
Udyam certificate and entity records
Premises/title or lease papers
Equipment/vehicle quotations
Financials, , and projections
Banking and security records

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Loan repayment estimate

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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₹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.

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TableParameter

Eligible group · Published detailQualified/registered , CS and architect; independent practice; two years' post-qualification experience; and Udyam

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

Source: MPLS · Complete table 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 Professional Loan Scheme - complete published parametersView tableHide table

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Mahabank Professional Loan Scheme - complete published parameters
Parameter	Published detail
Eligible group	Qualified/registered , CS and architect; independent practice; two years' post-qualification experience; and Udyam
Purpose	Office premises; renovation/expansion; equipment, furniture, professional tools, computers/software; self-use vehicles
Facility	Term loan; clean cash-credit sublimit up to 20% of term loan and ₹5 lakh, only with term loan and additional asset charge
Quantum	Above ₹10 lakh to ₹2 crore
Rate	-linked; collateral may reduce rate; up to ₹2 crore
Margin	Term loan 20% of project; vehicle 15% on-road; cash credit 25%
Repayment	Up to seven years
Fees	Applicable service-charge guidelines

MPLS · Complete table · 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 / signed application
2	Borrower/promoter/director/guarantor
3	Udyam and applicable , , LEI, IEC, constitution/incorporation, net worth and records
4	Company borrowing resolution
5	-certified net worth with valid UDIN
6	Verified returns
7	Last two years' audited financials
8	/projections: at least two years for WC or through term-loan period
9	Banking arrangement and latest outstanding/unavailed position
10	Other-bank sanction letters
11	TEV report above ₹15 crore
12	Primary/collateral lease and title deeds
13	External rating above ₹25 crore
14	Business-specific documents and licences

Proposal Checklist · 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	Residual maturity	Rate p.a.
Overnight	1 day	7.30%
One-month	>1 day-1 month	8.30%
Three-month	>1-3 months	8.55%
Six-month	>3-6 months	8.90%
One-year	>6 months	9.00%
	External benchmark	8.05%

and effective 25.07.2026 · page 1 · accessed 31 Aug 2026Open official source ↗

Table 4 · 5 rows · 2 columnsApplicable MSME processing and closure chargesView tableHide table

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Applicable MSME processing and closure charges
Facility / event	Published charge excluding
Working-capital processing	Nil up to ₹5 lakh; 0.35% p.a. above
Term-loan processing	Nil to ₹5 lakh; 1% above ₹5 lakh-₹25 crore; 0.80% above ₹25-₹100 crore; 0.70% above ₹100 crore
Cash-credit takeover	2% of sanctioned limit; exempt
Other term-loan prepayment	2% when prepaid amount exceeds 25% of sanctioned limit; exempt
Floating business-purpose loan to individual/	Nil prepayment charge

Service Charges · pages 80-81 and 93-94 · accessed 31 Aug 2026Open official source ↗

Mahabank Professional Loan Scheme (MPLS)

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

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