Secured Loans

The Company provides Secured loans to entities with a short track record and low asset base which are unable to get finance from commercial banks.This will enable the borrowers to develop their business and to build an unencumbered portfolio which can be assigned later

Secured Loan Eligibility


Secured loans are available to proprietorship firms / partnership firms / limited liability companies, who have sound credentials including financial performance backed by adequate financial statements / documents to prove the same.


The applicants should also meet the following criteria:

(a) Type of applicants: NBFC, NBFC-MFI, HFC Manufacturing units Trading units Service units

(b) Asset Classes: Receivables in respect of microfinance, housing finance, vehicle finance, agricultural finance and small business finance in the case of NBFCs. Receivables and stock in respect of manufacturing sector etc. Receivables and stock in trade in respect of the trading sector. Receivables and stock in trade in respect of the service sector.

(c) Financial performance: Should be having profitable operations for at least the immediately preceding two financial years evidenced by audited financial statements and should not be having any accumulated loss.



Sanction Letter from MCSL duly accepted by the borrower and guarantors.

Facility Agreement, Deed of Hypothecation

Demand Promissory Note executed by the borrower and guarantors in favour of MCSL.

Security cheques from the borrower covering the payment of the entire loan amount according to the repayment schedule along with applicable interest.

If secured by any other asset, documentation creating charge over the asset so provided as collateral security in favour of MCSL as a security for the facility and search report stating therein that the asset is free from all encumbrances.


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Muthoot Capital Services Ltd.