Bridge Loans

Bank of Baroda has introduced a scheme called bridge loan for top rated corporate clients against expected equity flows/issues. Bank can also extend bridge loans against the expected proceeds of non-convertible debentures, external commercial borrowings, global depository receipts and/or funds in the nature of foreign direct investments, provided the borrowing company has already made firm arrangements for raising the aforesaid resources/funds. This facility would be available for a period not exceeding 12 months.