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Traders Loan

The Traders Loan facility enables individuals, Proprietorships, bodies such as Partnership firms and Co-op societies to create working capital or undertake development of shop by way of loan/overdraft.

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.



> Working Capital Finance > Term Finance > SSI > SME > Small Business Borrowers > Traders Loan




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