Mahalaxmi Bikas Bank Limited

Mahalaxmi Uddhyamshil Karja is the loan product that is crafted to encourage youths to actively involve in nation building through involvement in entrepreneurship.

Purposes of Loan:

• Asset Financing
• NTA Financing
• Advance Financing (Your Plan and Our financing)
• Non-Funded/ Trade based facilities

Particulars	Features
Facility Type	Fund Based Overdraft Term Loan Demand Loan Non-Funded/ Trade based facilities Bank Guarantee Performance Guarantee Bid-Bond Guarantee Credit Supply Guarantee & Other Guarantees Letter of Credit (under taking facilities) etc.
Special Offer	Adminitrative Fee Cash Back
Eligibility	Eligibility shall be asper the provison of existing “Karja Tatha Sapat Sambandhi Niti 2074” of the bank or updated credit policy/guidelines/manuals thereafter.
Loan Amount	Minimum 500,000.00 to maximum 3,00,00,000.00
Loan Tenure	OD Loan: 1 Year In case of Non-Funded Facility: upto 1 year with renewal option suject to satisfactory performance. However upto 5 years considering the customer’s specific requirement. Term Loan: In case of trading /service sector business: Maximum up to 10 years. In case of Manufacturing Unit: Maximum up yo 15 years.
Interest Rate	8.94% p.a.
Loan Processing Fee	1%
Bank Finance	Upto 80% of FMV of collateral security
*() Note:** Other Terms and Conditions shall be applicable as per the Bank’s Policy. In addition, to the above mentioned parameters the bank can analyze other details too, where deemed necessary.