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Baroda COVID Personal Loan 2.0

Baroda Covid Personal Loan 2.0

The basic features of Baroda COVID Personal Loan 2.0 :

For meeting of expenses for COVID treatment or temporary liquidity mismatch due to COVID- 19, Other than speculations.

Existing Retail Assets Customers:

  • Home Loan (all variants) with minimum -6- month’s relationship
  • Loan against Property with minimum -6- month’s relationship.
  • Auto Loan with minimum 12 month’s relationship.
    Subject to
    • Loan is fully disbursed and moratorium period completed.
    • Min. three instalments paid.
    • Charge on the security is created and registered in CERSAI (Wherever applicable).
    • Account should not be 30+ DPD
      (Note: Staff members, credit facility given to non-individuals and Borrowers enjoying Over Draft limit are not eligible)

Minimum: Rs. 25,000/-

Maximum: Rs. 5.00 Lacs

Subject to Maximum

  • 10% of original sanctioned limit of linked Home Loan.
  • 10% of original sanctioned limit of linked LAP.

For Auto Loan linked accounts,

  • 20% of Original sanctioned limit of linked Auto Loan; and
  • Total of Present outstanding in linked Auto loan account and proposed sanctioned limit under Baroda Personal Loan COVID 19 Scheme 2.0 should not exceed 85 % latest insured Value* of the underlying asset i.e., Vehicle (Lower of a & b above)
  • Low interest rate i.e. 2.00% over BRLLR +SP, irrespective of CIBIL Score. But not lower than the ROI of the linked loan.
  • Low Processing fee.
  • NIL prepayment charges

Note : for further detail enquiry please contact nearest Branch.

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