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Baroda SME Loan Pack
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Terms and Conditions
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Interest Rates & Charges
Baroda SME Loan Pack : Terms and Conditions
Eligibility
- MSMEs in regulation and expanded.
- Borrower to exclusively to deal with BOB.
Purpose
To provide hassle-free credit for working capital (fund based and non-fund based) as also capital expenditure related to the business of the borrower within the overall composite limit sanctioned to the borrower.
Composite Limit
The composite limit is 4.5 times of borrower’s tangible net worth as per last audited balance sheet, or, Rs. 10 crores, whichever is lower.
Delivery of Product
By way of fund-based (short or long term) or non-fund based facilities as per the requirements of the borrower, within the overall composite limit sanctioned to the borrower.
Period for TL
Maximum period up to 7 years.
Margin
25% on all the facilities.
Baroda SME Loan Pack : Interest Rates & Charges
Competitive pricing linked to repo rate/MCLR.
