Bank of Baroda has a composite loan for the enterprises to cover the fixed capital or the working capital requirement. The purpose of this loan is to ensure that growth artisans and village and cottage industries, and micro small and medium enterprise that are engaged in industrial activities with helping them cover expenses of shortfall in businesses or even the requirement of need fixed capital for their business.
Any enterprises that wish to take up this loan need to be:
The maximum loan amount as per the Composite Loans from Bank of Baroda, will be up to 100 lakhs, this again will depending of the enterprise's credit rating.
The base rate of Bank of Baroda is 9.20% as of 1 October 2019.
Rate of interest applied will be competitive pricing linked to tenor based MCLR rates.
The repayment period will be a maximum of 10 years and a minimum 3 years. With a payment holiday for provided of 12 - 18 months.
You will need to visit your nearest branch to apply for this loan with all relevant documents
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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