SELF EMPLOYMENT LOAN

 Eligibility

 Any person Individuals and other Firms/Company.
 Purpose For setting up of business Repayment Tenure 10 Years Rate of interest.

 Purpose  For setting up of business
 Repayment Tenure  10 Years
 Rate of interest  Cibil score
   

i) 700 and above                    10.50%

ii) 600 to 699                           11.00%

iii) (-1)                                      10.50%

 Surety  Minimum one guarantor with sufficient net worth
 Security  Mortgage of unencumbered immovable property belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed
 Margin  50% of the valuation of immovable property
 Loan Limit  Rs. 5,00,000/-
 Other Terms  Membership is necessary for the borrower and sureties to avail this loan


     

 

MORTGAGE LOAN

 Eligibility  Any business man with assured monthly Income acceptable to the Bank.
 Purpose
  • Setting up of business
  • Purchase of business
  • Renovation of business premises
  • Improvement of business
 Rate of interest  Upto 25 lakh -12.00%
 Above 25 lakh upto 50 lakh - 11.50%
 Above 50 lakh upto 1 Cr - 11.00%
 Above 1 Cr - 10.50%
 Business loans as per rating (above 1 crore) - 10.00%
 Repayment Tenure  10 years
 Surety  Minimum one guarantor with sufficient net worth
 Security  Mortgage of unencumbered immovable property belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed
 Margin  50% of the valuation of immovable property
 Other Terms  Membership is necessary for the borrower and sureties to avail this loan.


   

MSME LOAN

 Eligibility  Any business man with assured monthly Income acceptable to the Bank.
 Purpose  Setting up of small scale industry or MSME
 Rate of interest

MSME Loan (Business)

  1. 700 and above - 10.50%
  2. 600 to 699- 11.00%
  3. (-1)    - 10.50%
 Rate of Interest

MAME Loan (Commercial Vehicle)

  1. 700 and above- 9.75%
  2. 600 to 699- 11.00%
  3. (-1) - 10.50%

b) Used

  1. Commercial Vehicle upto Rs.10 lakh - 12.00%
  2. Commercial Vehicle above Rs. 10 lakh- 12.50%
  3. Boat Repair/Vehicle Repair - 11.00%
 Surety  Minimum one guarantor with sufficient net worth
 Security  Mortgage of unencumbered immovable property belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed
 Margin  50% of the valuation of immovable property
 Other Terms  Membership is necessary for the borrower and sureties to avail this loan.

   

 

HYPOTHECATION LOAN ON MACHINERY

 Eligibility  Any person with assured monthly Income acceptable to the Bank.
 Purpose  Purchase of machinery
 Plant & Machinery (New Unit)  

Rate of Interest

  1. 650 and above - 9.75%
  2. 600 to 649- 11.00%
  3. (-1)    - 10.50%
 Plant & Machinery (Purchase/Takeover of Old Unit)  

Rate of Interest

  1. 600 and above

            Upto Rs 50 Lakhs -11.50%
            Above Rs 50 Lakhs - 11.25%

     

 Margin  75% of the machinery or 50% of valuation whichever is lower
 Security  

New machinery

Mortgage of unencumbered immovable property belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed.
 Other Terms  Membership is necessary for the borrower and sureties to avail this loan.
Agriculture & allied activities  
 
  1. Boat Loans - 11.00%
  2. Poultry/ Piggery/ Diary & other allied activities  - 10.00%
  3. Commercial Crop Loans -

   

 

 

11

0824 - 2421369, 2445742

MCC Bank Ltd
Mulki Sundaram Shetty Road,
Hampankatta, Mangalore - 575001

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0824-2421369, 2445742

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