Line of Credit
Bank of Baroda understands the needs of its clients. Considering the need of our clients for operational flexibility, Bank of Baroda has introduced a scheme of “Line of Credit” to enable the clients to switch over between the various working capital facilities sanctioned with relative ease as per their needs compared to the prevalent system of restricting the usage of funds within the maximum limits available within a particular facility only. This system will essentially facilitate medium/large business units in efficient management of their borrowing requirements within the sanctioned Line of Credit facility.
Under the Line of Credit, instead of considering/ sanctioning separate limits for Cash Credit (Stocks/Book Debts) and DA LC facilities, a combined limit for Cash Credit (Stocks & Book Debts)-cum-DA LC limit is sanctioned, with a sub-limit for DA-LC facility. The Line of Credit as a product is innovative and unique in the banking industry.
To know the current interest rates Click here.
For further details, please contact the Bank of Baroda Branch nearest to you.
> Working Capital Finance
> Line of Credit
> Export Finance
> Bill Finance
> FCNR(B) Loans
> Bridge Loans
> Advance Against Shares
> Loan Against Rent Receivables
> Term Finance
> Short Term Corporate Loan
> Project Finance
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> Takeover of Accounts
> Non Fund Based Services
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