• Bank of Baroda Composite Loan

    Bank of Baroda has a Composite Loans 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.

    Eligibility criteria

    Any enterprises that wish to take up this loan need to be:

    1. Micro small and medium enterprises that are engaged in industrial activities.
    2. Village and cottage industries, small enterprises including artisans.

    What is the maximum amount of loan I can avail?

    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.

    Interest rate

    The base rate of Bank of Baroda is 9.65% as of 21st November 2015.

    Loan amount Micro Enterprises Small Enterprises Medium Enterprises
    50, 000 Base Rate (BR) 9.65% BR + 0.50% -
    50, 000 - 2, 00, 000 BR + 0.50% BR + 1.00% -
    2, 00, 000 - 10, 00, 000 BR + 1.00% BR + 1.25% -
    10, 00, 000 - 25, 00, 000 BR + 1.25% BR + 1.75% BR + 2.00%

    What are the documents required for Bank of Baroda’s Composite Loans?

    1. Collateral securities as determined by the bank
    2. Charges of assets created via the loan amount

    What are the terms for Bank of Baroda’s Composite Loans?

    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.

    How do I apply for this loan?

    You will need to visit your nearest branch to apply for this loan with all relevant documents

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