Make your securities work harder for you.


Avail hassle-free advance against security of bonds.

  • Features
  • Eligibility
  • Interest rates & charges
  • Most Important Terms and Conditions (MITC)

Baroda Advance against the securities (Relief Bonds /Government Bonds) : Features

Type Of Facility Demand /Overdraft & Term Loan
Minimum Loan Limit
  • Rs.3,000/- (Term & Demand Loan)
  • Rs.20,000/- ( Overdraft)

Maximum Loan amount

No Ceiling

Baroda Advance against the securities (Relief Bonds /Government Bonds) : Eligibility

  • Resident Individuals aged 21 years and above

Baroda Advance against the securities (Relief Bonds /Government Bonds) : Interest rates & charges

Product Conditions Repo Rate + Spread Effective Rate of Interest
Loan against Life Insurance Policies, Loan against securities of Relief Bonds / Government Bonds
Conditions
Demand Loan / Term Loan
Repo Rate + Spread
BRLLR + SP + 1.50%
Effective Rate of Interest
0.00%
Conditions
Overdraft
Repo Rate + Spread
0.25% higher than the ROI applicable to DL / TL i.e. BRLLR + SP + 1.75%
Effective Rate of Interest
0.00%

Processing Charges
  • Rs.500 + GST

Baroda Advance against the securities (Relief Bonds /Government Bonds) : Most Important Terms and Conditions (MITC)

  • Advances to third party is not permitted.
  • Advances will only be made against Bonds which are eligible for Bank
  • Finance, for Example: 6.5% RBI Bond 2003, 7% savings Bond 2002 etc.
  • Advance will be sanctioned on merits and after ascertaining repayment capacity of the borrower.

Frequently Asked Questions (FAQs)

  • Can I get a loan against government bonds?

    Yes.

  • What type of security is a government bond?

    Bond issued by the Reserve Bank of India and Government of India.

  • What is the minimum amount of loans taken against government bonds?

    Loan: Rs.3,000 and Overdraft: Rs.20,000

  • What is the interest rate for loans secured by government bonds?

    Presently, it is 9.20% to 9.45%

  • Can we take loans against government bonds online?

    Yes, it is available up to an Agreement In Principle sanction.

  • What are the advantages of taking a loan against government bonds?

    It is hassle free and available at lower ROI.

  • How much can I avail as a loan?

    For government savings bonds, up to 80 to 85% of the face value.

  • What about the repayment tenure of the loan?

    Loan: up to 35 months Rs.3,000 Overdraft: Rs.20,000

  • What is the current interest rate for loans taken against government savings bonds?

    Presently, it is 9.20% to 9.45%, according to the government of India.

  • Is it possible to get a loan against any government bonds?

    Yes

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