Mahabank Scheme for units engaged in Hospitality
- Existing/Prospective owners of Hotels, Restaurants, Fast Food Centers, Pizza Centers (Franchise), Caterers, Motels (Dhaba), Bakeries, Mess, Tour Operators, Water Sports, Amusement Parks, Floating Restaurants, House Boats etc.
- Individuals, Proprietorship, Partnership Firm, LLP, & Corporates
- The owner of the property invariably be taken as personal guarantor to the credit facilities.
- Purchase of land & construction/premises for running small hotel/restaurant. The finance for purchase of Land in project cost shall not exceed 25% of the total project cost.
- Furniture & Fixtures
- Kitchen Equipments
- Interior Decoration
- Purchase of Vehicles, Boats for activity purpose
- Modernization of existing facilities
- Working Capital
Nature of Facility
Term Loan, Working Capital
Term Loan: Min. Rs 0.10 crore; Max. of Rs 10.00 crore
Working Capital: Min. Rs 0.10 crore; Max. of Rs 2.00 crore
Total exposure including TL & WC should not exceed Rs 10.00 crore under the scheme
- Micro & Small Enterprises: Minimum 20%
- Medium Enterprise: Minimum 25%
- Incentive by way of ROI reduction if collateral is provided.
- CGTMSE cover available for loan upto Rs. 2 crore.
Fees & Charges
Processing Fee :
For Working Capital :
(New): 0.25% p.a + GST
(Review & Enhancement): 0.30% p.a. + GST
For Term Loan : 0.80% of Sanctioned Amount + GST
Term Loan (Review): On O/s. Balance
Upto Rs 0.25 crore: Nil
Above Rs 0.25 crore: 0.10% (Max. Rs 1.00 lakh)+ GST
Supervision/Inspection Charges : Upto Rs 1.00 crore: 0.0625% per quarter. Max. Rs 10,000/- p.a. + Cost of visit (Actual)
Above Rs 1.00 crore: Rs 15,000/- p.a. + Cost of visit (Actual)
Documentation Charges : As per Service Charges of the Bank which are presently as under: 0.25% Max. Rs. 50,000/- +GST