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.
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 %
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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Open your account and enjoy the many services at MauBank.
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Car Loan
Education Loan
Personal Loan
Housing loan