The Baroda Traders Loan facility enables individuals, Proprietorships, bodies such as Partnership firms and Co-op societies to avail of working capital or undertake development of shop by way of loan/overdraft. Dealers in gold/ silver jewelry are also covered under the scheme.

Key Benefits

• Option to avail the credit facility as loan or overdraft.
  
  
• Advance available up to Rs. 200 Lacs.
  
  
• Loan can be repaid in a maximum period of 60 months.

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. 200 Lakhs
    
    
• Margin
  
  
  • 40% on market value of immovable property.
    
    
  • 10% on Bank's own Fixed Deposits.
    
    
  • 15% on face value of NSCs, Govt. Bonds, surrender value of LIC policies.
  
  
• Security
  
  
  • Tangible collateral Securities in the form of mortgage of land (not agricultural land) and building is acceptable as security
    
    
  • National Savings Certificates, Government Bonds, our Bank's Term Deposits, Assignment of Life Insurance Policies, standing in the name of the borrower/proprietor/partner/director are acceptable as security.
    
    

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.



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