BANK OF MASHARASHTRA- LOANS FOR PROFESSIONALS AND SELF EMPLOYED

For Purchase of: To purchase equipment/ repairs/renovation to existing equipment, purchase of tools, working capital requirements, and acquiring/repairing business premises.

Eligibility:Doctors, Dentists, Chartered Accountants, Cost accountants, Lawyers, Solicitors, Engineers, Architects, Surveyors, Construction contractors or Management Consultants or to a person trained/qualified/skilled in the chosen vocation/field in which employed, "the bank extends finance under its own facilities and even under the Govt. sponsored schemes
.
Amount: Depending upon the assessed requirement considering financial viability, repayment capacity etc.

Margin: Generally 25%, which can vary according to requirement and assessment.

Rate of Interest:Click here to view the Interest Rate

Repayment by EMI:From short term to period generally ranging up to 5 years.

Processing Fee; 1% of the loan for amount above Rs 25,000/-.

Security:Assets created by the Loan to be charged to the bank and other collateral security.