Purpose  For education only
 Repayment Tenure  15 Years
 Rate of interest  

 Collateral security up to 150% of loan  9.25%

 Collateral security above 150% of loan  8.75%
 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  15%
 Loan Limit  Rs. 50,00,000/- (Maximum)
 Other Terms  Membership is necessary for the borrower and sureties to avail this loan.

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0824 - 2421369, 2445742

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

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0824-2421369, 2445742

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