Powering Women’s Businesses

Unleash your business potential with MauBank’s ElleBoost, crafted for the ambitious woman entrepreneur or companies with a majority of women as shareholders. Benefit from our tailored financial solutions, including leasing, term loans, and overdraft facilities, at concessional rates. 

Leasing Facilities

Vehicle:

  • Financing: 100% on new/reconditioned vehicle
  • Amount: Up to Rs 1,000,000
  • Rate of interest: 6.8%* (PLR-1)
  • Repayment: 7 years for new vehicle

5 years for reconditioned/second-hand vehicle Equipment

Equipment:

  • Financing: 100% on new equipment & 80% on second-hand equipment
  • Amount: Up to Rs 500,000
  • Rate of interest: 6.8%* (PLR-1)
  • Repayment: 7 years for new equipment

5 years for reconditioned/second-hand equipment

*APR: 7.01 %

Security: Ownership of leased assets. Floating charge on all assets of the borrower may be requested.

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Loan Facilities

For expansion of existing business activities:

  • Financing: Up to Rs 500,000
  • Rate of interest: 6.8%* (PLR-1)
  • Moratorium: 6 months
  • Repayment: 7 years (including moratorium)

*APR : 7.01 %

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Overdraft Facilities

For working capital requirement:

  • Amount: Up to Rs 200,000
  • Rate of interest: 6.8%*** (PLR-1)
  • 1 year (renewable)

*APR : 6.98 %

Security:

  • For individuals: -Either Floating charge on all assets of the borrower or a Personal Guarantee acceptable to the Bank.
  • For Companies: - Floating charge on all assets of the company and Personal Guarantee of the director(s).
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Credit Card Facilities

  • Minimum credit limit of Rs 25,000/-
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Talk to us - 4059400

*Terms and Conditions Apply