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Baroda Laghu Udhyami Credit Card

PURPOSE

  • To provide hassle free credit facilities to Small business units, retail traders, artisans, village industries, small scale industrial units and tiny units, professionals and self employed persons etc.

ELIGIBILE BORROWERS :

  • All existing customers in the categories of Small Business, Retail Trade, Artisans, Village Industries, Small Scale and Tiny Units, Professional & Self Employed persons etc. having satisfactory track record / dealing with the bank for last 3 years.

LIMIT :

  • Maximum upto Rs. 10/- Lakhs per borrower.

PERIOD / VALIDITY:

  • The limit fixed under the scheme will be valid for a period of three years subject to internal annual review based on the conduct / operations of the account.

SECURITY :

  • Hypothecation of stock in trade, receivables, machinery, office equipment etc. as specified for existing limit.

MARGIN :

  • 25%.

    Conditions apply.
Click here to download copies of blank agreements to be executed by the borrowers




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




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