Financing growth & transforming rural India.
Bank of Baroda, for rural India, with rural India.
Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)
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Benefits
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Features
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Eligibility Criteria
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Document Required
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Interest rates & charges
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Most Important Terms & Conditions (MITC)
Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Benefits
- Nil Processing Charges
- Loan is provided upto 90% of the Face Value or Book value
- No maximum Loan limit
- Nil Pre payment Charges
Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Features
Nature of Facility: Demand/ Term Loan / Overdraft
Period of Loan: On or before maturity period of FDR
Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Eligibility Criteria
Any individual with self-declaration/Proof that he is engaged in Agriculture Activities/ the proceeds of LABOD/ODBOD will be used for Agriculture purpose
Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Document Required
- KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
- FDR/SDR
Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Interest rates & charges
Product | Conditions | Repo Rate + Spread | Effective Rate of Interest | |
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Loan/OD Against Banks Own Deposits (LABOD/ODBOD) |
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Repo Rate + Spread1.00% over Interest Rate on Fixed Deposit |
Effective Rate of Interest- |
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Advance Against the securities of third party FDRs (against Resident Deposits) |
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Repo Rate + Spread1.00% over Deposit rate Or BRLLR + SP + 0.50%, whichever is higher. |
Effective Rate of Interest- |
- Processing Charges: Nil
Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Most Important Terms & Conditions (MITC)
Quantum of Loan | 90% of the Face value or Book value whichever is higher |
Loan Period | Loan period will be on or before maturity period of FDR |
Repayment | Bullet payment |
Maximum Loan Amount | No maximum limit stipulated |
Margin | 10% against duly discharged fixed/short deposit Receipts of all tenors |
Rate of Interest |
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Other Informations |
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