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Baroda SME Gold Card

  • Terms and Conditions
  • Interest Rates & Charges

Baroda SME Gold Card : Terms and Conditions

  • All micro, small and medium enterprises – as per regulatory definition and SMEs as per expanded definition viz., entities with their annual sales turnover up to Rs. 250 crores fulfilling the following criteria:

In case of existing accounts:

  • A/c in standard category for last 2 years.
  • Obligor credit rating of “BoB-5” and above.
  • Working capital limits of Rs. 25 lakhs and above.

In case of Takeover accounts:

  • Obligor credit rating of “BoB-5” and above.
  • No deviation allowed in takeover norms while taking over account.
  • Working capital limits of Rs. 25 lakhs and above.
  • Eligible for the facility only after one year of takeover of the A/c.

  • Accounts having sole banking arrangement with our bank are only eligible for Baroda SME Gold Card under both the above cases.
  • There should not be any major inspection irregularities in the account.

  • To meet emergent requirements and tie up a temporary mismatch in liquidity arising out of delayed payment by buyers, tax payment etc.

Nature of Facility
  • Working capital

  • 10% of the assessed MPBF

  • Charge on current assets, extension of charge on fixed assets if stipulated for CC.
  • Personal guarantee of directors.
  • Collateral security as available to other facilities.

  • 12 months – to be allowed on 4 occasions during the year for a maximum period of 2 months on each occasion. However, there should be a minimum gap of 15 days between two drawls.

Other Conditions
  • As applicable to regular cash credit and other facilities.

Baroda SME Gold Card : Interest Rates & Charges

  • As per credit rating and as applicable to cash credit.

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