Machhapuchchhre Bank Professional Loan interest rate 2083
Machhapuchchhre Bank's professional loan is priced at 5.96%–8.96% effective in Bhadra 2083: a 4.96% base rate plus a 1%–4% premium. That ranks 4th cheapest of the 11 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,314, plus a 0.75% processing fee.
- Effective rate
- 5.96% – 8.96%
- Base rate
- 4.96%
- Premium
- 1% – 4%
- Processing fee
- 0.75%
- Maximum tenure
- 120 months
- Rank by rate
- 4 / 11
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.machbank.com/loan-interest-rate/
Machhapuchchhre Bank Professional Loan: effective rate 5.96%, EMI from Rs. 19,314 per month. Compare with 10 other banks.
Rate breakdown
Base rate
4.96%
Premium
1%–4%
Effective rate
5.96%–8.96%
Fixed
Not published
- Processing fee
- 0.75% (Min Rs. 2,000)
- Prepayment penalty
- 1.74%
- Loan amount
- Rs. 3 Lakh – Rs. 1 Cr
- Tenure
- 12 – 120 months
- Max financing
- —
- Age
- 21 – 65 years
Highlights
- Doctors, engineers, CAs, lawyers
- Clinic or office setup
- Equipment financing
Who is eligible
Professional council registration and 2 years practice.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Professional council registration
- Practice licence
Machhapuchchhre Bank Professional Loan FAQ
What is Machhapuchchhre Bank's current Professional Loan interest rate?+
Machhapuchchhre Bank's Professional Loan floating rate is base rate 4.96% plus a premium of 1% to 4%, giving 5.96% to 8.96% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Professional Loan from Machhapuchchhre Bank?+
At 5.96% over 60 months, the EMI is roughly Rs. 19,314. Use the calculator above to change the amount or tenure.
Can I prepay a Machhapuchchhre Bank Professional Loan?+
Yes. The published prepayment charge is 1.74% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
