# Maanaveeya Development business loans > Maanaveeya Development is on Recur Club's lender panel, writing secured term loan. Source: https://www.recurclub.com/lenders/maanaveeya-development Last updated: 2026-10-20 Also offered, with no terms observed yet: Secured Term Loan. ## Eligibility ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · avoid: Aviation, Banking, Biotechnology, Cement, Chemicals, Consumer Durables, Defence Manufacturing, E-Commerce, Explosives, Arms and Ammunitions, FMCG, Gambling and Betting, Gems and Jewellery, Healthcare, Infrastructure, Lottery Business, Media and Entertainment, Medical Devices, Mining Companies, Mining Equipment, Mining Tech, Oil and Gas, Others, Paper & Packaging, Pharmaceuticals, Ports, Power, Railways, Real Estate (asset Light), Real Estate (non asset Light), Retail (Consumer Goods), Roads, SaaS, Services, Services for Mining Industry, Steel, Tech Services, Telecommunications, Textiles, Tobacco Products, Tourism and Hospitality, Trading, Education and Training, Metals and Mining · pan-India · Private Limited, Public · sector-agnostic (12 sectors — full list in data JSON) - Financials: rev ≥₹50cr · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · minimum assetsundermanagement: 300 (secured term loan only) · gross non performing assets: 3 (secured term loan only) · debt/networth ≤4 · DSCR ≥1 - Deal: rate 11–16% · ticket ₹3–50cr · tenure 12–60mo - Security (observed): 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) · Personal Guarantee Of Promoters/Directors (67%) · FD margin 10–15% (67%) - Security asked in : 1st charge on P&M (×2), Personal Guarantee Of Promoters / Directors / Property Owner (×2), FD margin 10–15% (×1), Personal Guarantee Of Promoters/Directors (×1) - Security asked in 2026: 1st/pari-passu charge on current assets (×3), Personal Guarantee Of Promoters / Directors / Property Owner (×3), Personal Guarantee Of Promoters/Directors (×2), FD margin 10–15% (×2) - share → in-principle approval (initial interest): ≈63d ## Sanctioned terms (from 1 real sanction letter) ### Sanctioned amount: median ₹9 cr · NEW ×1 - median ₹9 cr · NEW ×1 ### Typical security: Promissory Note ×1, Current and fixed assets (subservient charge) ×1, Post-dated cheques ×1, Land, building, plant & machinery, movable assets ×1 - Promissory Note ×1, Current and fixed assets (subservient charge) ×1, Post-dated cheques ×1, Land, building, plant & machinery, movable assets ×1 ### Typical covenants: - Financial-ratio threshold to be maintained — 100% of letters - Financial-ratio threshold to be maintained — 100% of letters ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does Maanaveeya Development lend? Maanaveeya Development writes secured term loan. ### What are Maanaveeya Development's eligibility criteria? The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page. ### What security does Maanaveeya Development ask for? Observed across sanctions: 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) · Personal Guarantee Of Promoters/Directors (67%) · FD margin 10–15% (67%). ### How do I apply to Maanaveeya Development? You do not apply to Maanaveeya Development directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Maanaveeya Development's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached. ### Is Maanaveeya Development the right lender for my business? It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Maanaveeya Development screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Maanaveeya Development's current policy.