Baroda Traders Gold Card Scheme
“BARODA TRADERS GOLD CARD SCHEME” provides additional limit to the extent of 20% of the sanctioned limit under Baroda Trader Loan or 70% of realizable market value of immovable property (including realizable market value set aside for sanctioning of regular Baroda Traders Loan Limit), whichever is lower.
To meet the emergent working capital requirement arising due to peak season requirements, delayed payments by debtors, for tax payment, etc.
Nature of facility
Individuals, Proprietorship & Partnership Firms, Private Limited Companies and Registered Co-operative Societies engaged in trade of any commodity/goods and have been sanctioned overdraft facility under Baroda Traders Loan Scheme above Rs. 25 Lacs and fulfilling the following criteria;
- Existing account in Standard Asset Category for last 2 years
- No major inspection irregularity in the account
- Minimum BTL – 4 for limit up to Rs. 200/- Lacs including proposed limit under Baroda Traders Gold Card.
- Obligor Rating of minimum BOB-4 for limit above Rs. 200/- Lacs.
Assessment of limit:
The credit limit is to be considered as under:
20% of the sanctioned Baroda Trader Limit
70% of realizable market value of immovable property (including realizable market value set aside for sanctioning of regular Baroda Traders Limit), whichever is lower.
Extension of equitable mortgage of property/ies mortgaged
Rate of interest
50 bps over applicable ROI to Baroda Traders Loan Overdraft facility
Unified processing charges @ 0.35% + service tax
12 Months - to be allowed on 3 occasions in a year for a maximum period of 2 months on each occasion. However, there should be gap of 1 month between two drawls
RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).
PROCESSING CHARGES: (CLICK HERE FOR DETAILS)
For further details, please contact the Bank of Baroda Branch nearest to you.
> Home Loan
> Home Loans to NRIs / PIOs
> Home Improvement Loan
> Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)
> Loan Against Future Rent Receivables
> Mortgage Loan
> Advance Against Securities
> Education Loan
> Career Development Loan
> Car Loan
> Two Wheeler Loan
> Car Loan to NRI/PIO
> Loan to Doctors
> Traders Loan
> Personal Loan
> Loan for financing Individuals for subscription to Public Issues /IPO
> Baroda Ashray (Reverse Mortgage Loan)
> Baroda Advance Against Gold Ornaments /Jewellries (At Urban & Metro Centres)
> Baroda Traders Loan Against the Security of Gold Ornaments /Jewellries (At Urban & Metro Centres)
> BarodaBaroda Additional Assured Advance (AAA) (Resident / NRIs /PIOs)
> Baroda Traders Gold Card Scheme
> Credit Risk Guarantee Fund Scheme for Low Income Housing (CRGFS)
> Baroda Premium Personal Loan