Loan Type
Purpose
Maximum Financing
Repayment Period
Security
MPCB Agricultural
Loans		 Purchase of agricultural
equipment

80% of cost of equipment excluding
VAT 		Up to 5 years

Gage Sans
Déplacement on
equipment financed

Personal Guarantee of Directors

Fire & Allied Perils Cover and/or Electronic Equipment Cover
and/or Contractors' Plant and Equipment Cover, as applicable

MPCB Motor Vehicles
Loans 		Purchase of new vehicle 90% of cost
inclusive of
registration & VAT 		Up to 6 years
 Gage Sans
Deplacement &
Lien on new
motor vehicle

Comprehensive
Motor Vehicle
Insurance Cover

Personal
Guarantee of
Directors
Purchase of reconditioned
vehicle 		75% of purchase
price excluding
registration & VAT, subject to
the car being not
older than 5 years 		Up to 4 years Gage Sans 
Déplacement &
Lien on new motor
vehicle

Comprehensive
Motor Vehicle
Insurance Cover

Personal
Guarantee of
Directors
Purchase of second hand
vehicle 		60% of purchase
price excluding
registration & VAT, subject to
the car being not
older than 5 years		 Up to 4 years Gage Sans 
Déplacement &
Lien on new motor
vehicle

Comprehensive
Motor Vehicle
Insurance Cover

Personal
Guarantee of
Directors
MPCB Equipment
Loans 		Purchase of industrial
equipment		 80% of cost of
equipment excluding
VAT 		Up to 5 years Fixed charge /
Floating chargeon
business assets

Personal
Guarantee of
Directors

Fire & Allied
Perils Cover
and/or Electronic
Equipment Cover
and/or 
Contractors' Plant
& Equipment
Cover, as applicable
MPCB Working Capital
Finance 		Finance of working capital of traders and other businesses In line with the
business standing
and the value of the
assets available for
security 		Will be subject to
type of facility and
company requirements		 Fixed charge /
Floating charge on
immovable
property/current
assets

Insurance policy
assigned in favour
of the Bank for all
assets offered as
security
Small and Medium Enterprises (SMEs)

Conditions:
Processing Fees of 1% up to maximum of Rs1,000

Production of SMIDO Certificate

Submission of feasibility report for new projects

Submission of financial statements, cash flows & past bank statements

 Upkeep of ratoons (faisance valoir) Based on last three normal crops average tonnage at the rate of Rs450 per ton of sugar cane up to a maximum of Rs15,750 per arpent One year after disbursement charges in favour of the Society on assets of their members.
Agricultural Credit to Cooperative Sector - Sugar

Conditions:
No loan arrears with MPCB or other financial institutions

All business to be routed through MPCB

Audited records relating to last three years yield and end use of previous crop financing to be produced

Yearly management fee of 0.1% of facility granted with a minimum of Rs500 and maximum of Rs2,000

Sugar delegation assigned in favour of MPCB. 		Purchase of new vehicle 90% of cost inclusive of registration & VAT Up to 6 years Gage Sans
Déplacement & Lien on new motor vehicle

Comprehensive
Motor Vehicle
Insurance Cover

Decreasing Term Assurance

Salary Pledge
Purchase of reconditioned vehicle 75% of purchase price excluding registration & VAT, subject to the car being not older than 5 years Up to 4 years Gage Sans Déplacement & Lien on new motor
vehicle

Comprehensive
Motor Vehicle
Insurance Cover

Decreasing Term
Assurance

Salary Pledge
Purchase of second hand vehicle 60% of purchase price excluding registration & VAT, subject to the car being not older than 5 years Up to 4 years Gage Sans 
Déplacement &
Lien on new motor
vehicle

Comprehensive Motor Vehicle Insurance Cover

Decreasing Term 
Assurance

Salary Pledge
MPCB Equipment Loans Purchase of equipment by
professionals		 80% of cost of
equipment excluding
VAT		 Up to 4 years Fixed charge / Gage Sans Déplacement
on equipment

Personal Guarantee of Directors in case loan is contracted in the name of a
company

One Personal 
Guarantor in case
loan is contracted by an individual

Fire & Allied Perils
Cover and/or
Electronic Equipment
Cover and/or
Contractors'
Plant & Equipment
Cover, as applicable
Purchase of equipment by
small entrepreneurs 		80% of cost of equipment excluding
VAT		 Up to 7 years Fixed charge / Gage
Sans Déplacement
on equipment

Personal Guarantee
of Directors in case
loan is contracted in the name of a company

One Personal
Guarantor in case 
loan is contracted
by an individual

Fire & Allied Perils Cover and/or
Electronic Equipment
Cover and/or
Contractors'
Plant & Equipment
Cover, as applicable

 
Note:
 Loan proposals are considered on a case by case basis and will be subject to the  customer's financial standing and requirements of the Bank.
Please visit your nearest MPCB branch or call 2079999 to check our latest interest rates