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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:

 

Term Loan

Working Capital

 

 

Semi-urban

Urban

Metro

Semi-Urban

Urban

Metro

Minimum

Rs.5.00 Lacs

Rs.1.00 lacs

Maximum

Rs.50.00

Rs.100.00

Rs.500.00

Rs.5.00

Rs.10.00

Rs.50.00

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 tenor based MCLR .

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