Bank announces Financial Results for quarter ended, 31st December 2023.
Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities Visit our website https://www.bankofbarodauk.com/ for any further information.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
Locate Us, Anytime, Anywhere
Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
With Our Specialised Scheme for Financing Textile Units.
Nature of facility
Term Loan/Demand loan, Cash Credit and
Non-Fund based limit ie LC & Bank Guarantees
Export facilities: PC, PCFC, FBP, FBD, PSDL
Limit
Minimum: Rs.25 lacs, Maximum: Rs.50 crores.
Purpose
Eligibility
All new/existing units (including taken over from other banks) engaged in textile activity (as recognised by Ministry of Textile, Govt. of India) including Job worker /Traders (including e-commerce traders) under this scheme.
Baroda SME Gold Card: Borrower accounts with ‘Standard’ category for the last 1 year with credit rating BOB-5 can be covered under this scheme.
Constitution of borrower: Proprietorship / Partnership concerns / LLP / Private Limited Co. / Ltd Co. HUF are not eligible.
Method of assessment of working capital limit
As per Bank Guidelines.
Note: Assessment of limit should be independent of TUFS subsidy i.e. while calculating DSCR and Margin, projected TUFS subsidy should be excluded.
Rate of Interest
Starting from BRLLR+SP+0.80%
(Concessions may be allowed based on merit of the case)
Note: For export credit facilities, the ROI to be charged as per extant Guidelines issued by Bank.
Margin
Type of Facility
Type of Primary Asset
Cash Credit
Stock and Book Debts*
25% (minimum).
Sanctioning Authority may prescribe higher margin on case to case basis.
Term Loan
Factory Land & Building
30%
New Plant & Machinery and other misc. fixed assets
25%
Second hand Plant & Machinery (under TUF scheme)
Second hand Plant & Machinery (imported)
Second hand Plant & Machinery (indigenous outside TUF scheme)
40%
*Book Debts up to age of 120 days may be financed.
Period
Service and other charges
Type of Service Charge
Applicable Service Charges
Processing Charges/Upfront Fee/Documentation
50% of applicable charges
Remittance Charges
Intersol Charges
Inspection Charges
Mortgage Creation Charges/ TEV Study Charges
50% Concession to CMR 1-3 rated accounts may be allowed.
Security
For Term Loan:
1st charge over entire fixed assets and 2nd charge on current assets.
For Working Capital:
1st or 2nd charge over fixed assets and 1st charge on current assets.
Exposure
Collateral Security Requirement**
Upto Rs.10 Crores
Decided by sanctioning authority.
Above Rs.10 Crores
Min 40% required other than fixed assets of unit already charged as primary security
Related Products
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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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