MAS Finance business loans
MAS Finance is on Recur Club's lender panel, writing purchase invoice discounting, sales invoice discounting, secured term loan and 2 other products. Observed tickets run ₹80 lakh to ₹80 lakh, priced between 14.5% and 14.5%. Median turnaround from application to disbursal is about 53 days.
- ✓Tickets from ₹80 L – ₹80 L across 6 products
- ✓Indicative pricing 14.5% – 14.5%, as quoted on live transactions
- ✓We check your fit against every lender on the panel, not just this one
2 lenders under one brand
They share a screening philosophy but not a book. Which one your file goes to depends on what you are borrowing against.
MAS Financial Services Limited
- Negative profiles not fundedliquor manufacturerspaan shops/tea stallscyber cafes/video parlourstemporary-setup businessesfilm industry professionalslawyersmoney lenders/financiers/stock brokerschit funds/nidhisastrologerscable operatorssecurity service providersbar/liquor shops
- Won't fund (stated policy): Financial Services
- Lottery Business
- Explosives, Arms and Ammunitions
7 more ▾ ▴
- Gambling and Betting
- Real Estate (non asset Light)
- +4 more (playbook)
- Selective / conditional (stated policy): Metals and Mining
- Infrastructure
- Logistics and Transportation
- Mining Companies
- Borrower: CIBIL ≥650 (cohort ≈699)
- age ≥3y (Operational Vintage)
- avoidExplosivesArms and AmmunitionsGambling and BettingGems and JewelleryLottery BusinessMedia and EntertainmentReal Estate (non asset Light)Financial ServicesTobacco Products (varies by product)
- Maharashtra, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, Delhi, Tamil Nadu, Chhattisgarh, Andhra Pradesh, Telangana (varies by product)
- Private Limited, Public, Limited Liability Partner, Sole proprietorship
- Financials: minimum annualrevenuegrowthrate: -10 (purchase invoice discounting, sales invoice discounting, vendor financing only)
19 more ▾ ▴
- rev ≥₹20cr (cohort ≈41.9)
- TOL/adjusted tangible net worth ≤6 (purchase invoice discounting)
- TOL/adjusted tangible net worth ≤5 (sales invoice discounting, secured term loan, vendor financing)
- debt/EBITDA ≤5 (cohort ≈3.6×) (purchase invoice discounting)
- debt/EBITDA ≤4 (sales invoice discounting, secured term loan, vendor financing)
- DSCR ≥0.6 (cohort ≈2×) (purchase invoice discounting)
- DSCR ≥1 (sales invoice discounting, secured term loan, vendor financing)
- debt/networth ≤4 (cohort ≈2×)
- Deal: rate 12.5–24% (range across products — see matrix)
- ticket ₹0–10cr (range across products — see matrix)
- tenure 12–36mo (range across products — see matrix)
- no PEP
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
- FD margin 10–15% (76%)
- Security asked in : Personal Guarantee Of Promoters/Directors (×11), FD margin 10–15% (×8), 1st/pari-passu charge on current assets (×4), FD margin 15–20% (×4)
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×46), FD margin 10–15% (×35), FD margin 15–20% (×8), FD margin 5–10% (×5)
- share → in-principle approval (initial interest): ≈27d
- in-principle approval → sanction (underwriting): ≈1d
- sanction → disburse (closing): ≈7d
MAS Finance
- Borrower: CIBIL ≥650
- Andaman and Nicobar Islands, Andhra Pradesh, Chandigarh, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, Puducherry
- positive sector: Financial Services
- Financials: TOL/adjusted tangible net worth ≤5
- debt/EBITDA ≤4
- networth ≥₹5cr
7 more ▾ ▴
- debt/networth ≤2
- DSCR ≥-1
- Deal: rate 11–18.5%
- ticket ₹0–50cr
- Security (observed): 1st/pari-passu charge on current assets (100%)
- Personal Guarantee Of Promoters / Directors / Property Owner (67%)
- Security asked in 2026: 1st/pari-passu charge on current assets (×3), Personal Guarantee Of Promoters / Directors / Property Owner (×2)
What MAS Finance lends, and on what terms
What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.
| Product | Ticket | Pricing | Tenure | Arm |
|---|---|---|---|---|
Purchase Invoice Discounting▾Turnaround ~53d Rejects
Wins
22 more ▾ ▴
Behaviour & gates
5 more ▾ ▴
| ₹0.8 cr | 14.5% | 12 mo | MAS Financial Services |
Also offered, with no terms observed yet: Sales Invoice Discounting, Secured Term Loan, Unsecured Business Loan, Vendor Financing.
What a sanction from MAS Finance actually looks like
Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.
MAS Financial Services Limited
Specimen sanction
Representative of the median file. Your actual terms will move with rating, security cover and relationship.
How often each clause appears
Share of the 17 sanction letters carrying the clause.
MAS Finance
Specimen sanction
Representative of the median file. Your actual terms will move with rating, security cover and relationship.
How often each clause appears
Share of the 13 sanction letters carrying the clause.
What they will ask you to pledge
Counted across the sanction letters read. A combination is normal, and most files carry more than one.
MAS Financial Services Limited
- Demand Promissory Note3 letters
- Stock & Book Debts2 letters
- Corporate Guarantee2 letters
- Stock and Book Debts (Hypothecated Assets)1 letters
- Book debts / current assets / stock (Hypothecated Assets)1 letters
- hypothecation1 letters
- Demand Promissory Note ×3, Stock & Book Debts ×2, Corporate Guarantee ×2, Stock and Book Debts (Hypothecated Assets) ×1, Book debts / current assets / stock (Hypothecated Assets) ×1, hypothecation ×1
MAS Finance
- Stock & Book Debts2 letters
- Demand Promissory Note1 letters
- Stock and Book Debts (Hypothecated Assets)1 letters
- Book debts / current assets / stock (Hypothecated Assets)1 letters
- hypothecation1 letters
- Promissory Note / Undertaking1 letters
- Stock & Book Debts ×2, Demand Promissory Note ×1, Stock and Book Debts (Hypothecated Assets) ×1, Book debts / current assets / stock (Hypothecated Assets) ×1, hypothecation ×1, Promissory Note / Undertaking ×1
What borrowers ask about MAS Finance
- What does MAS Finance lend?
- MAS Finance writes purchase invoice discounting, sales invoice discounting, secured term loan, unsecured business loan, vendor financing. Across those, observed facilities run ₹80 lakh to ₹80 lakh.
- What ticket size does MAS Finance offer?
- Facilities observed on live transactions run from ₹80 lakh to ₹80 lakh. The band differs by product, so the figure that applies to you depends on which facility you are asking for.
- What rate does MAS Finance charge?
- Rates observed on live transactions fall between 14.5% and 14.5% a year. Tenures run 12 to 12 months. These are observed figures, not a quote, and the rate you are offered depends on your file.
- How long does MAS Finance take to disburse?
- About 53 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.
- What are MAS Finance'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.
Next steps after MAS Finance
Answer a short set of questions and see which lenders on the panel your file clears, on each one's own recorded criteria.
Search the panel by name, product or ticket size, and compare credit boxes side by side.
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See whether MAS Finance is the right lender for you
A few questions. Recur Market scores you against MAS Finance and the rest of the panel, on each lender's own recorded criteria.
Check my matchLast updated
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 MAS Finance's current policy. Terms are set by the lender at the time of sanction.