Key Benefits

• Avail of loans up to Rs. 25 Lakhs/- for a maximum EMI of 60 months.
• Loans available at any of our branches.

Terms & Conditions

• The business units should have been established in the line of business for a minimum period of 2 years
  
  
• Loan limits
  
  
  • Minimum : Rs. 25,000/-
    
    
  • Maximum : Rs.25 Lakhs
    
    
• The following margins are applicable.
  
  
  • 50% on market value of immovable property as per recent valuation report.
    
    
  • 50% on approved shares/bonds.
    
    
  • 10% on Bank's own FDRs.
    
    
  • 15% on the surrender value of Life Insurance Policies, NSCs, Govt. Bonds.
    
    
• Tangible collateral Securities in the form of mortgage of land (not agricultural land) and building will have to be provided as security.
  
  
• National Savings Certificates, Government Bonds, our Bank's Term Deposits, Assignment of Life Insurance Policies, approved shares & bonds standing in the name of the borrower/proprietor/partner/director only, are also acceptable as security.
  
  
• The repayment period of the loan is a maximum of 60 EMI's (subject to repayment capacity).
  
  
• Rate of interest up to Rs 2 Lakhs will be as per RBI directives.
  
  
• For Overdraft Account and loans repayable within 12 months 2% over relevant Short Term Prime Lending (SBPLR- II) rates will be applicable.
  
  
• For loans repayable in more than 12 months 2% over relevant Term Prime Lending (BPLR) Rate will be applicable. Click here for current interest rates.

For further details, please contact the Bank of Baroda Branch nearest to you.



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