Grow with Bank of Baroda.


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

SME Medium Term Loan

  • Features
  • Terms and Conditions
  • Interest Rates and Charges
Purpose
  • To augment enterprises’ working capital gap and to help in the improvement of current ratio and also for meeting genuine business requirements. The facility will also be available for repayment of secured and unsecured Loans of other banks or institutions, but not for any purpose, which is not related to the enterprises’ activity.

Borrower Group
  • MSMEs in regulatory and expanded
  • All other entities with their annual sales turnover of Rs. 1 crore to Rs. 250 crores. In case of new projects, where the estimated sales turnover in the first full year of commercial operation (12) months is up to Rs. 250 crores. For real estate projects, where project cost is up to Rs. 50 crores.
Eligibility Criteria
  • Satisfactory credit rating without continuous decline for the last three years and for 4 half years for accounts where credit rating is done on a half-yearly basis.
  • Latest financial documents with satisfactory performance in terms of sales/turnover and profits. Negative variance, if any, should not be more than 10%.
  • Satisfactory dealings with the bank for at least three years without any major inspection/audit irregularities.

Loan Amount
  • Minimum: Rs. 25 lakhs
  • Maximum: Rs. 500 lakhs

Period
  • Not exceeding 36 months, to be repaid in equal quarterly or half-yearly instalments.

Unified processing, upfront & documentation charge
  • 25% concession in the applicable charges.

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.


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.