Housing loans meant for home purchase, construction, incremental upgradation and improvement
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Application Form KYC: Identification proof & address proof such as Voter ID, Adhaar Card, Pan Card, Ration Card etc. Financials: Salary / Income Proof-Salary Slip, Certificate, ITR, Form-16, Banking etc. (Informal income is also considered) Property Document: Chain of Title Documents |
Loans meant for business, education and personal purpose
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Application Form KYC: Identification proof & address proof such as Voter ID, Adhaar Card, Pan Card, Ration Card etc. Financials: Salary / Income Proof-Salary Slip, Certificate, ITR, Form-16, Banking etc. (Informal income is also considered) |
MBHF provides loans to Micro, Small and Medium Enterprises, for both manufacturing and service sectors. This is in line with vision of MBHF as an organization to cater to weaker section or strata of the society. MSME sector lending impacts large sections of the population, the weaker sections and the sectors which are employment-intensive such as agriculture, and Micro and Small enterprises.
End use of funds is for all or any of the below activities or any other activity related to business
=> Procure raw materials
=> Purchase inventory
=> Pay suppliers in advance
=> Invest in your firm’s infrastructure
=> Meet working capital requirements
=> Install new plant and machinery
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Application Form KYC: Identification proof & address proof such as Voter ID, Adhaar Card, Pan Card, Ration Card etc. ITR, Banking etc. (Informal income is also considered) Property Document: Chain of Title Documents |
=> Borrower should be more than 18 years of age at the time of taking the loan and not more than 60 years at the time of loan maturity.
=> Guarantors required.
=> Credit assessment is based on both, documented as well as non-documented incomes.
=> Collaterals being accepted as security can have an informal tenure, formal tenure or progressive tenure on land rights.
=> Loans may be taken for few of the following purpose: Business Use, Education
