More Benefits
- Available at all branches of Bank of Baroda. To get a detailed list of all the Bank of Baroda branches, CLICK HERE.
- All the complaints and grievances can be reported to the regional zone offices or directly to the Central office.
- SSI Department deals with
- the credit proposals relating to SSI and Tiny sector units.
- policy matters relating to SSI sector advance.
- compliance of directives from the Government / RBI / Bank's Board of Directors.
- redressing of complaints from SSI and Tiny sector units.
- The bank also assists the applicant with financial guarantees, import letter of credit, counselling, tie-ups with other industrial units, etc.
Terms & Conditions
- To avail of a term loan, a DP note, letter of hypothecation of the machinery/ mortgage of land, factory or building has to be presented.
- For additional working capital, a DP Note with letter of hypothecation of stocks/book debts, a letter of continuing security has to be submitted to the bank.
- Forms are available at all branches of our bank.
- To avail of a loan under this product, the unit should have received a clearance certificate from the pollution controlling authorities.
- The rates of interest applicable will be at 4% above the bank's prime lending rate.
The rates of interest applicable are as follows:
Processing Charges
|
(only once at the time of sanction)
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Upto Rs. 2 Lacs
|
0.5% - Min.Rs. 250/-
|
Above Rs. 2 Lacs & upto Rs.1Crore
|
0.25% - Min.Rs.1,000/-
|
Above Rs.1 crore
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0.20% Min. Rs.25,000/- and Max. Rs.1,00,000/-
|
Documentation Charges
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Upto Rs.25,000/-
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Nil
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Above Rs.25,000/- & upto Rs.2 Lacs
|
Rs.150/-
|
Above Rs.2 Lacs & upto Rs.5 Lacs
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Rs.1,000/-
|
Above Rs.5 Lacs & upto Rs.20 Lacs
|
Rs.1,500/-
|
Above Rs.20 Lacs & upto Rs.50 Lacs
|
Rs.2,500/-
|
Above Rs.50 Lacs & upto Rs.5 Crore
|
Rs.4,000/-
|
Above Rs.5 Crore
|
Rs.10,000/-
|
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
