Credit Card Registration
(Compulsory for existing credit card holder)
Attn: Credit Card holders
(for mobile nos and email ids)
Interest Rates
Domestic Term deposits FCNR Deposits Advances EMI Calculator
 

Interest Rate Chart on Advances

Benchmark PLR - 12.25%
Effective Date - 06/07/09
 

Loan Against term deposit - 1% over rate of interest on term deposit; For Cash Credit against deposits - 1.3% over rate of interest on term deposit.

Interest Rates On Mahabank Platinum Housing Loans Festive Offer Valid w.e.f 16.09.2009 to 31.03.2010

Loan amount Y1 Y2 Y3 Y4 Y5 Reset at the end of 5th year
Loans upto Rs.30.00 lakh 8.00 8.00 8.50 9.50 9.75 BPLR – 2.50%, minimum 9.75% p.a.
Above Rs.30.00 lakh 8.25 8.25 9.00 9.75 9.75 BPLR – 2.25%, minimum 10.00% p.a.
 

Housing Loans under Mahabank Housing Loan Scheme:

Tenor Fixed/ Floating P.A. Upto and inclusive of 5 years Above 5 years and Upto and inclusive of 10 years Above 10 years but below & inclusive of 20 years
Sanctioned Loan amount upto Rs.30.00 lakh. Floating BPLR-3.50% 8.75% BPLR-3.25% 9.00% BPLR-3.00% 9.25%
Fixed 10.50% 11.00% --
Sanctioned Loan amount above Rs.30.00 lakh. Floating BPLR-3.25% 9.00% BPLR-2.75% 9.50% BPLR-2.50% 9.75%
Fixed 10.75% 11.50% --
For Repairs and renovation: BPLR-3.25% i.e. 9.00% p.a.
 

Mahabank Consumer Loan Scheme: 13.50% (w.e.f. 06.07.09)

Mahabank Vehicle Loan Scheme

TENOR ROI
Upto 3 years 10.75 % p.a.
Above 3 years 11.25 % p.a.
Second hand Vehicles 13.25 % p.a.

FESTIVE OFFER ON FOUR WHEELER VEHICLE LOANS

Vehicle loans sanctioned on or after 14th October 2009 and upto to 31.03.2010

Repayment for first 3 yrs – 9.50% only(Fixed)
Repayment above 3 years – BPLR – 1.5% (PRESENTLY 10.75% p.a.)

Amount of Loan - 85% of the cost of the vehicle, subject to ceilings of Rs 10.00 lakhs.

 

Model Education Loan Scheme

   Loan Slab Rate of Interest
Loan amount upto and inclusive of Rs.4.00 lakh BPLR-2.00%   i.e. 10.25% p.a.
Loan amount above Rs.4.00 lakh BPLR-1.25%   i.e. 11.00% p.a.
 

Mahabank Adhar Loan Scheme : BPLR-0.75% i.e. 11.50%

 

Personal loan : 14.00% (w.e.f. 06.07.09)

 

Micro, Small & Medium Enterprises (MSME ) :

The size wise rate of interest applicable for the entrepreneur(s) for the first year of operations with the Bank.
Size of Advance Rate of Interest for units enjoying total fund based limits above Rs.10.00 crores   Concessional ROI
For Small & Medium Enterprises enjoying total fund based limits upto Rs.10.00 crores
Up to Rs.50000/- - BPLR–3.00%  i.e.9.25% BPLR–2.50%   i.e.9.75%
Above Rs.50000 and upto Rs.2.00 lakh - BPLR–2.50%  i.e.9.75% BPLR–2.00%   i.e.10.25%
Above Rs.2.00 lakh and upto Rs.25.00 lakh - BPLR–1.75%   i.e.10.50% BPLR–1.25%   i.e.11.00%
Above Rs.25.00 lakh and upto Rs.1.00 crore. - BPLR–1.00%  i.e.11.25 % BPLR–0.50%   i.e.11.75%

Above Rs.1 crore upto Rs. 10.00 crores Above Rs. 10.00 Crores

-

BPLR   i.e.12.25%

BPLR+0.50% i.e.12.75%

Above Rs.1 crore upto Rs. 10.00 crores Above Rs. 10.00 Crores

BPLR+1.000% 13.25%

- -
Rate of Interest according to Risk Based Pricing.
 
For working capital facilities with or without Term Loan component :
 
Risk Grade as per CRRF Rate of Interest for units enjoying total fund based limits above Rs.10.00 crores Concessional ROI For Micro Enterprises Concessional ROI
For Small & Medium Enterprises enjoying total fund based limits upto Rs.10.00 crores
AAA

BPLR–1.75%  i.e.10.5% BPLR–2.75%  i.e.9.50% BPLR–2.25%   i.e.10.00 %
AA BPLR–1.25%   i.e.11.00% BPLR –2.25%   i.e.10.00% BPLR–1.75%   i.e.10.50%
A BPLR–0.75%   i.e.11.00% BPLR–1.75%  i.e.10.50% BPLR–1.25%  i.e.11.00%
BBB BPLR–0.50% i.e.11.75% BPLR–1.50%   i.e.11.75% BPLR–1.00%   i.e.11.25%

BB

BPLR–0.25%   i.e.12.00% BPLR–1.25%  i.e.11.00% BPLR–0.75%   i.e.11.50%
B BPLR+0.25%   i.e.12.50% BPLR–0.75%  i.e.11.50% BPLR–0.25%    i.e.12.00%
C BPLR+0.75%   i.e.13.00% BPLR–0.25%  i.e.12.00% BPLR+0.25%   i.e.12.50%
 
For Term Loans only:
 
Risk Grade as per CRRF Rate of Interest for units enjoying total fund based limits above Rs.10.00 crores Concessional ROI For Micro Enterprises Concessional ROI
For Small & Medium Enterprises enjoying total fund based limits upto Rs.10.00 crores

AAA

BPLR–1.25%   i.e.11.00%

BPLR–2.25%  i.e.10.00%

BPLR–1.75%   i.e.10.50%

AA BPLR–0.75%   i.e.11.50% BPLR–1.75%  i.e.10.50% BPLR–1.25%   i.e.11.00%
A BPLR–0.50%   i.e.11.75% BPLR–1.50%   i.e.10.75% BPLR–1.00%   i.e.11.25%
BBB BPLR+0.25%   i.e.12.50% BPLR–0.75%    i.e.11.50% BPLR–0.25%   i.e.12.00%

BB

BPLR+0.75%    i.e.13.00% BPLR –0.25%   i.e.12.00% BPLR+0.25%  i.e.12.50%
B & C BPLR+1.25%  i.e.13.50% BPLR+0.25%   i.e.12.50% BPLR+0.75%   i.e.13.00%
 
Last Update Date:28.10.09