Baroda CoviCare Personal Loan
The basic features of Baroda CoviCare Personal Loan is:
COVID related treatment/expenses of self & family members. Disbursement can be made in borrower’s personal Saving account after satisfying the purpose under this product by obtaining proof that satisfies the purpose as mentioned above.
- Existing Individuals Customers (ETB) - Resident Indians only having 6 months relationship with our Bank.
- NRIs & Existing Staff members are not eligible
Unsecured Loan – Max: Rs.2.00 Lacs
Secured Loan – Max: Rs.25 Lacs (Security may be Residential/ Commercial Property, Fix Deposit and LIC/ NSC/ KVP)
- Low interest rate ranging from 2.00% over BRLLR +SP to 2.50% over BRLLR+SP linked with CIBIL Score.
- Low Processing fee i.e. for loan limit up to Rs.2.00 lacs, NIL Processing fee & above Rs.2.00 lacs, it is 1.00% of loan amount.
- Longer Repayment period up to 60 months including 3 months moratorium.
- NIL Prepayment Charges