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Baroda Professionals

Eligibility

Professionals in any discipline viz .Doctors, Engineers, Architects, Interior Designers, Photographers, Financial Consultants (CA/ICWA/CS), Advocates, Dentists and specialized qualified service providers .Proprietorship /Partnership/Pvt/public. Ltd. Companies

Purpose
  • Working Capital Requirement
  • Purchase of equipments, Expanding/Renovating Business premises.
  • Non-fund based facilities ( Bank Guarantee and Letter of Credit)
Nature of Facility

Term Loan/Demand Loan/Cash Credit/non-fund based facilities.

Limit
  • Minimum – Rs. 10.00 lacs
  • Maximum – Rs. 5.00 Crores
Repayment

Maximum 84 installments including moratorium period. Interest to be served every month.

Method of Assessment

For working capital facility: As per First Method of Lending or 20% of turnover whichever is higher for limits up to Rs.500.00 lacs,

TL/DL for purchase of land & building/Plant and Machinery taking into consideration margin of 20% for plant and machinery and 25% for land and building repayable in 7 years (including moratorium), based on the cash flow projections.

Rate of Interest

Above 10 Lakhs to less than 25 lakhs – As per standard applicable rates.
Rs. 25 lakhs and above to 5 crores- ROI as under or as per credit rating whichever is lower, wef 12.05.2016

Micro Enterprises (MCLR + SP) + 1.35%
Small Enterprises (MCLR + SP) + 1.50%
Medium Enterprises (MCLR + SP) + 1.75%
Margin

For Cash Credit : 25% against stocks & Book Debts up to 90 days only

For Term Loan/Demand Loan :
25% on land and building
20% on Plant and Machinery
35% on second hand Plant & Machinery

For non-fund based limits : Cash Margin on guarantee and L/C facility – 20% minimum.

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