• Bank of Maharashtra (BOM) Loan Scheme for Corporates

    The Loan Scheme for Corporates from Bank of Maharashtra offers funding to the corporate sector in order to set up units and conduct business activity, upgradation, modernisation and diversification. There are two facilities through which the scheme can be availed, viz. funded and non-funded facilities.


    • Term Loans to acquire machinery and fixed assets and finance business projects
    • Cash Credit to meet daily business requirements
    • Bill Discounting for post sales limit

    Term Loans

    • If taken out as a term loan, repayment can be made in instalments over a predetermined period of time
    • The maximum amount of money granted for term loans is usually 75% of the expense incurred on maintaining a 25%
    • Charge of assets is accepted as security

    Cash Credit

    1. A running account facility is provided under cash credit
    2. The maximum amount of loan sanctioned will depend on the Bank of Maharashtra’s valuation of working capital requirements
    3. Charge on current assets is accepted as security
    4. Collateral must be pledged if required

    Bill Discounting

    • The maximum amount of money that can be borrowed is a certain percentage of the bill’s value
    • Discounting is done under firm order or letter of credit
    • Charge on the bill is accepted as security
    • Collateral must be pledged if required

    Interest Rate

    The base rate on funded facilities is 9.70% and the BPLR is 15%


    • Letter of Credit facility to assist in buying goods / material
    • Letter of Guarantor facility to issue guarantee in the form of performance bonds, bid bonds, etc.
    • Working capital facility for importers and exporters to fund international trade

    For Exporters

    Exporters can avail working capital funds before shipment and after shipment of goods.


    • Finance in the pre-shipment stage is offered in the nature of Packing Credit
    • The purpose of the facility is to procure and/or manufacture those goods that are intended for export
    • The maximum amount of money that can be borrowed is up to 90% of Freight on Board value of goods
    • Charge on assets generated out of finance is accepted as security
    • Repayment can be made from discounting of export bills / proceeds of negotiation / proceeds from export


    • Export finance at the post-shipment stage is offered through discounting / negotiation of export bills, advance against export incentive and rupee advances against collection bills
    • The advances can be repaid from export receivable or proceeds and the rate of interest applicable conforms with the Reserve Bank of India guidelines

    Export finance can also be availed in foreign currency from the Bank of Maharashtra. The interest rates offered are internationally competitive and linked to LIBOR (1.5% + LIBOR). Funds in foreign currency at the pre-shipment stage can be acquired through Pre-shipment Credit and at the post-shipment stage, funds in foreign currency are extended through Discounting of Export Bill.

    For Importers

    • Funded facility: Finance is offered through cash credit
    • Non-funded facility: Finance is granted through Import Letter of Credit

    Short-term finance is also extended to resident constituents and importers in foreign currencies, allowing customers to access finance at internationally competitive rates that are linked to LIBOR. 

    Interest Rate

    The base rate on funded as well as non-funded facilities is 9.70% and the BPLR is 15%

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