Monday, June 2, 2008

BANK OF BARODA-VAIBHAV LAKSHMI LOAN

Bank of Baroda presents a unique Retail Loan product Baroda Vaibhav Lakshmi specially designed for women employees for addressing their various needs.

Key Benefits: Takes care of all kinds of expenses. Loan can be availed as term loan or overdraft facility without any security.

Terms & Conditions: The loan can be availed by employees of Public Sector Undertakings, Life Insurance Corporation, General Insurance Company and its subsidiaries. Educational Institutions viz. Reputed Inter / Degree Colleges. Engg. / Medical Colleges etc.
Railways, State Govt. and other Central Govt. Organizations.Public Limited Companies

Eligibility: Age between 21 to 55 years. Must be a reguler and permanent employee for not less than one year

Loan Amount: Minimum Rs 0.20 lac Maximum Rs. 2.00 lacs or 10 times of net monthly salary whichever is lower (Subject to conditions)

Repayment Period: Maximum – 3 Years

Rate of Interest: For current interest rates click here

Concession of 0.5% for group of borrowers (minimum 10) from one organization provided employer undertakes to deduct monthly installments directly from salary and deposit the same to the branch.

Processing Charges:Click here for details

For further details, please contact the Bank of Baroda Branch nearest to you.
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