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Explore Bank of Baroda’s offerings
Overdraft
Business firms Companies, Associates engaged in trading or business activities for meeting working capital requirement
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Target Group
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Repayment Period
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Security
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Tab Item - Margin
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Rate of Interest
Business firms Companies, Associates engaged in trading or business activities for meeting working capital requirement
12 months subject to annual review
Hypothecation of stocks and debtors mortgage Bond on immovable property subject to assets coverage ratio 1.40. Personal guarantee of promoters.
25%
Rate of Interest
Based on Credit rating Linked to prime rate
Term Loan: & Target Group:
Business firms Companies, Associates for meeting capital expenditure like land and building, plant and machinery, setting up of new unit or expansion
Repayment Period:
From 3 years to 7 years in monthly installments
Security:
Charge on assets created out of loan and mortgage Bond on immovable property subject to assets coverage ratio 1.40. Personal guarantee of promoters.
Margin:
25% to 40% of the project cost
