Baroda Loan for Restaurants

Purpose:

Acquiring premises & renovation/modernization of existing premises and interior decoration of restaurant (Non-lodging, non-boarding). Purchase of Kitchen equipment/Furniture & fixtures and meeting working capital needs

Eligibility:

Individuals /Sole Proprietorship/Partnership and company (Private/Public Ltd) or any other such business entity. Restaurants under franchisee model may be taken on merits.

Limit:

Margin

• 25% for Kitchen equipment/Furniture & fixtures.
• 35% for purchase/construction/expansion/renovation/modernization of premises and interior decoration.

Rate of Interest

Competitive pricing linked to Repo rate/MCLR