Grow with Bank of Baroda.


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

Scheme For Professionals

  • Terms and Conditions
  • Interest Rates and Charges
Eligibility

Professionals in any discipline:

  • Should possess a professional degree (recognized university)
  • Minimum ITR - taxable income of Rs. 2.5 lakhs
  • Minimum experience of 3 years in their respective fields. In case of CA/CS/ ICWA 3 years from the date of certificate of practice
  • Minimum bureau score of 700

Purpose
  • WC requirement
  • Purchase of equipment (expanding/renovating)
  • For construction of office premises on self-owned land
  • For acquisition of ready built new office premises
  • NFB facilities

Age of the borrower
  • Minimum age – 21 years
  • Maximum age - 65 years at the time of maturity of loan

Nature of Facility
  • Term loan/demand loan/cash credit/non-fund based facilities

Limit
  • Minimum: Rs. 5 lakhs (For rural and semi-urban areas)
  • Rs. 10 lakhs (for urban and metro areas)
  • Maximum: Rs. 5 crores

Repayment
  • TL: Maximum 84 instalments (moratorium period)

Margin

For Cash Credit:


25% against stocks & book debts up to 90 days only


For Term Loan/Demand Loan:


30% on land and building


25% on plant and machinery(new)


For Non-Fund Based Limits:


Cash margin on guarantee and L/C facility – 20% minimum

Competitive pricing linked to repo rate/MCLR.

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.


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