Business Loan

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Build youself Stronger

Avail Loan up to Rs.250 Lakhs.

No Pre-Payment /Pre-closure Penalty.

Low Processing Fee & No Hidden Charges.


PMEGP Subsidy Linkage Facility.


  • Features
  • Eligibility
  • Documents Required

To boost your Business Get Business Development Loan from Mahatma Fule Bank.
Term Loan for Machinery/equipment,furniture & fixture, hospital utility vehicle/ property,etc.

  • Loan Limit

     Maximum upto Rs. 200 Lakhs.

  • Repayment Period

     For Machinery, Equipments,etc- Maximum 84 months.
    For Property / Premises - Maximum 120 months.

  • Pre-Payment Penalty

    Nil

  • Rate of Interest

    9.50% p.a.*

  • Service Charges

    Applicable from time to time.

Individuals or Proprietary Concern/Partnership firms/LLP/Pvt./Ltd. Co. Of any Professional like Medical Practitioners, Chartered Accountant, Cost Accountants, Company Secretaries, Architects, Practicing lawyers, etc.
OR
Fresher-New in business / profession holding degree & certificate of practice are also eligible along with parent/spouse, family members as co-borrowers/guarantors.

  • Co-Applicant :

    Co-Owners of property must be taken as Co-applicant.
    Spouse / parents of the applicant other than Co-owners can be taken as Co-applicant.

  • Guarantor :

    Other than co-owner/security holder Two acceptable guarantor.

  • Borrower & Co-Borrower :

    Regular membership fees

  • Guarantors :

    Nominal membership

  • Duly filled form with :

    Income Proof of Applicant(s) & Guarantor(s).
    Residential Proof of Applicant(s) & Guarantor(s).
    PAN Card of Applicant(s) & Guarantor(s).
    KYC of Applicant(s) & Guarantor(s).
    Term Loan For Machinery, Equipments, Property etc.

  • Prime Security :

    Hypothecation /Mortgage of Asset to be acquired/purchased.

  • Other Charges :

     Franking/stamp charges, CERSAI, Filing Mortgage, Property Insurance, etc.

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