Grow with Bank of Baroda.


Your micro, small, medium enterprises today will be a large corporate tomorrow.

Baroda SME Gold Card

  • Terms and Conditions
  • Interest Rates & Charges
Eligibility
  • 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.

Notes
  • 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.

Purpose
  • 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

Limit
  • 10% of the assessed MPBF

Security
  • 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.

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

Related products

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.