1. MWCB All Agriculture & Allied Activities Loan Scheme:
2. MWCB Gold Loan Scheme:
- Purpose : To meet urgent financial needs for Business and Personal purposes.
- Eligibility : A member of the Bank.
- Age : All individuals of age 18 years and upto the age of 70 years (at the time of loan sanction).
- Loan Amount : Minimum -
20,000/- ; Maximum - 4.0 Lakhs. - Loan Limit : 14,500/- per San (2.90 Gram) - 1st Class Gold (23/24 Carat) & 13,000/- per San (2.90 Gram) - 2nd Class Gold (22 Carat) with a maximum limit of 4.0 Lakhs.
- Repayment Mode : Bullet Repayment of 12 months.
- Rate of Interest : 11% p.a. (Normal rate) & 10.75% p.a. (i.e. 0.25% p.a. concession for Female Customer only).
- Processing Fee : 0.5% of the loan amount + GST
3. MWCB Two-Wheeler Loan Scheme:
- Purpose : Purchase of new two wheeler.
- Eligibility : A member of the Bank - (a) Permanent salaried employees of Central/State Government, PSUs, Corporations, Reputed Establishment, Educational Institutions, Pensioners and Listed Private Sector. (b) Professionals/Self-employed & other who are Income Tax assesses.
- Age : All individuals of age 21 years and upto the age of 55 years (at the time of loan sanction).
- Income : Net monthly Income (NMI) greater than or equal to 15,000/- ; Net Annual Income (NAI) greater than or equal to 1.80 Lakhs /-
- Loan Amount : Minimum - 50,000/- ; Maximum - 4.0 Lakhs.
- EMI/NMI : Upto 50%.
- LTV : 85% of on-road price.
- Margin : 15% of on-road price; 10% of on-road price for Electric-Vehicle.
- Term : Maximum 60 months ( 36 months for Electric-Vehicle)
- Rate of Interest : 11% p.a. (Normal rate) & 10.75% p.a. (i.e. 0.25% p.a. concession for Female Customer only) monthly rest (Floating) .
- Processing Fee : 0.5% of the loan amount + Applicable GST.
4. MWCB Car Loan Scheme:
- Purpose : Purchase of new Cars - Multi Utility Vehicles (MUVs) and Sports Utlity Vehicles (SUVs).
- Eligibility : A member of the Bank - (a) Permanent salaried employees of Central/State Government, PSUs, Corporations, Reputed Establishment, Educational Institutions, Pensioners and Listed Private Sector. (b) Professionals,Self-employed, Businessmen & others who are Income Tax assesses.
- Age : All individuals of age 21 years and upto the age of 65 years (at the time of loan sanction).
- Income : For Salareid - Net monthly Income (NMI) greater than or equal to 15,000/- ; For Self-employed, Proprietor/Partner & Businessmen - Net Profit or Gross Taxable Income of 3.6 Lakhs/- p.a.
- Loan Amount : Minimum - 1.0 Lakh ; Maximum - 20.0 Lakhs.
- EMI/NMI : Not to exceed 50%.
- LTV : 85% of on-road price (Maximum upto 100% of Ex-Showroom price); Electric-Car - 90% of on-road price (Maximum upto 100% of Ex-Showroom price).
- Margin : 15% of on-road price (may include Registration Fee, Insurance Premium); Electric-Car - 10% of on-road price (Maximum upto 100% of Ex-Showroom price).
- Term : Minimum - 36 months & Maximum - 84 months (60 months for Electric-Car)
- Rate of Interest : 9.5% p.a. (Normal rate) & 9.25% p.a. (i.e. 0.25% p.a. concession for Female Customer only)(Floating).
- Processing Fee : 0.5% of the loan amount + GST (Max: 10,000/- + GST
5. MWCB Small Road Transport Operator (SRTO):
- Purpose : For purchase of new transport vehicle(s) for carrying passengers or goods on hire.
- Eligibility : A member of the Bank.
- Age : All individuals of age 21 years and upto the age of 60 years (at the time of loan sanction).
- Facility Available : Term Loan
- Loan Amount : Minimum - 1.0 Lakh ; Maximum - 20.0 Lakhs.
- Margin/Contribution : 25% on-road price.
- Repayment Period : For Commercial Vehicle - Maximum 60 months; For Electric Vehicle - Maximum 36 months.
- Rate of Interest : 11% p.a. (Normal rate) & 10.75% p.a. (i.e. 0.25% p.a. concession for Female Customer only).
- Processing Fee : 0.5% of the loan amount + GST
6. MWCB Housing Loan Scheme:
7. MWCB Educational Loan Scheme:
8. MWCB Loan against Securities:
9. MWCB Asset Backed Loan:
10. MWCB Cash Credit/Overdraft:
11. MWCB Loan against FD/RD:
