BARODA- TRADERS LOAN

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 Lacks.
• 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.