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Baroda MSE General Credit Card

Purpose :

  • Working Capital Requirement
  • Financing new project, i.e., acquisition of land/ construction of building, plant and machinery based on project cost/expansion project
  • Non-fund based facilities ( Bank Guarantee and Letter of Credit)

Limit:

  • Minimum -Rs.25000/-
  • Maximum - Rs. 10.00lacs

Eligibility:

  • Any individual taking up non-farm entrepreneurial activity across the country
  • However Individuals will not be eligible for “Baroda MSE General Credit Card” if he/she has been issued any type of credit card such as BKCC, BACC, BWCC, LUCC, BOBCARD, Any other type of credit card etc. except the Cards for consumption needs.

Margin:

For Working Capital/Term Loan/Demand Loan/Non Fund Based: 20%
Land & Building: 25 %

Period:

  • Term /Demand Loan: Maximum 84 months with -12- months moratorium
  • Working Capital: For 12months subject to annual review.

Rate of Interest

Competitive pricing linked to Repo rate

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