Grow with Bank of Baroda.


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

SME Short Term Loan

  • Features
  • Terms and Conditions
  • Interest Rates and Charges
Purpose
  • To meet temporary liquidity shortfall/mismatch in the line of business activity. This facility is not to be extended for other purposes like repayment of loans of other banks or institutions, unsecured loans, etc.

Borrower Group
  • MSMEs in regulatory and expanded.
  • Exclusion sectors: Real estate sector, power sector, education sector IT sector.
Eligibility Criteria
  • Satisfactory credit rating (BOB-5 and above) 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.
  • Satisfactory dealings with the bank for at least three years without any major inspection/audit irregularities.

Loan Amount
  • Minimum: Rs.10 lakhs

    Maximum: Rs. 250 lakhs

  • Note: Adhoc facility and short term loan cannot be concurrent.

Period
  • 12 months including the moratorium period.

Unified processing, upfront & documentation charges
  • 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.