Warehouse Receipt Financing

Benefits Offered
The Bank of Maharashtra offers financing against Negotiable Warehouse Receipts
(NWRs) and electronic Negotiable Warehouse Receipts (eNWRs) for various
commodities, including those stored in cold storage.
Eligible commodities for cold storage financing likely include fruits, vegetables, meat,
poultry, dairy products, and other temperature-sensitive goods. However, it's important
to confirm with the bank for an accurate list.
Acceptable warehouses must be registered with the Warehouse Development and
Regulatory Authority (WDRA) and comply with the bank's specific requirements
regarding infrastructure, security, and insurance.
Loan terms, including interest rates, margin requirements, and repayment period, vary
depending on the specific commodity, borrower profile, and loan amount.
Steps for
generating
Warehouse
Receipt at
Eligibility Criteria
Ensure your stored commodity is eligible for
financing with Bank of Maharashtra. You can confirm
this by contacting the bank or checking their
website for a list of eligible commodities.
Verify if the chosen warehouse is registered with
the Warehouse Development and Regulatory
Authority (WDRA) and meets the bank's specific
requirements.
Documents required:
1. Application form for warehouse receipt financing
(likely available online or at the bank branch)
2. KYC documents (proof of identity, address, etc.)
3. Warehouse receipts (NWR or eNWR) issued by the
approved warehouse
4. Documentation on the stored commodity (quantity,
quality, value)
5. Business financials (if applicable)
Submitting Application
The applicant should then submit the application package to the bank. This can be done
either online, through the bank's dedicated platform, or in person at a branch office.
If applicable, any processing fees associated with the application should be paid at this
time.

Bank Evaluation
The bank will evaluate your application, including your creditworthiness, commodity value,
and warehouse eligibility.
They may request additional information or documentation during this process.

Approval and Terms

If approved, the bank will offer loan terms, including interest rate, margin requirement, and
repayment period.
 Interest Rates
MCLR BSS
MCLR stands for Marginal Cost of Funds based Business Strategy Spread (BSS) reflects the bank's
Lending Rate. It is the minimum interest rate that a assessment of the risk associated with lending
bank can charge for its loans. It is based on various money to a specific borrower or loan category.
factors such as the cost of funds, operating Borrowers with a higher risk profile (e.g.,
expenses, and tenor premium. As of February startups, smaller businesses) typically receive a
2024: higher BSS compared to lower-risk borrowers
(e.g., established companies with good credit
Tenor
Applicable
MCLR p.a. history).
Residual Maturity
Key Information about BSS in Bank of Maharashtra:
Overnight 1 day 7.90% BSS applies to different types of loans, including
advances to MSME, Retail, and Agriculture sectors.
More than 1 Day to The specific BSS varies depending on the loan amount,
1 Month 8.10%
1 Month
borrower type, and risk profile.
More than 1 Month
For advances up to Rs. 25 Crore:
3 Month 8.30%
to 3 Months MSME and Retail loans linked to RLLR: BSS must be
at least 50 bps.
6 Month
More than 3 Months
8.40% Advances linked to MCLR: BSS must be at least 25
to 6 Months
bps.
1 Year More than 6 Months 8.50%