Welcome to our Mogaveera Bank

About Working Capital

Eligibility

Proprietary concern/ Partnership firms/Private/Public Limited Companies Rate of

Rate of Interest

13.50% p.a.

Margin

Stock 30%, Book Debts, (up to 90 days) : 40%

Tenure

12 Months.

Securities

Prime : hypothecation of Stocks & Book Debts

Processing Fees

1% + GST

Other Conditions

Registration of Charge with ROC in case of Limited Companies.

Processing Penalty

2% on the outstanding loan amount if the loan account is closed before due date or taken over by other Bank/Financial Institutions.