Public Sector Bank (PSU)Term Loan (Capex / Expansion)All MSME Borrowers🛡️CGTMSE CoveredVerified: 2026-09-29

Bank of Maharashtra Maha MSME Loan Scheme

Primary Lending Institution:Bank of Maharashtra

₹5 Lakh to ₹5 Crore MSME credit at 8.60% – 10.15% with Up to 7 years tenure.

Interest Rate8.60% – 10.15%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityRequires registered Udyam unit with positive net worth.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires registered Udyam unit with positive net worth.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Bank of Maharashtra Maha MSME Loan Scheme?

Ranked among the most cost-effective PSU MSME loans, featuring lowest spreads over repo rate.

Key Benefits & Features

Competitive RLLR rates; digital sanction tracking; dedicated relationship managers in industrial clusters.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Manufacturing and service MSMEs with viable financial record.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹20.0 Lakh

Processing Fee0.35% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://bankofmaharashtra.in/maha-msme-loan with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Bank of Maharashtra Maha MSME Loan Scheme?

Borrowers can avail ₹5 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for Bank of Maharashtra Maha MSME Loan Scheme?

The processing fee is 0.35% + GST. Collateral terms: Requires registered Udyam unit with positive net worth.

What are the eligibility criteria for Bank of Maharashtra Maha MSME Loan Scheme?

Manufacturing and service MSMEs with viable financial record. Minimum business vintage required is 1 year(s).

How can an applicant apply for Bank of Maharashtra Maha MSME Loan Scheme?

Apply online at https://bankofmaharashtra.in/maha-msme-loan or visit nearest branch with KYC, Udyam registration, and bank statements.