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    Bank of Baroda (BOB) Composite Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14.15% Fixed
    1,000 to ₹10,000 One time fee
    20,000 - 2L
    1-3 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    Personal Loan BYTES FROM OUR KITCHEN

    Baroda Composite Loans

    With the Composite Loans the Bank of Baroda is looking at helping artisans and village and cottage industries, and micro small and medium enterprise that are engaged in industrial activities with funding rather. Bank of Baroda has a Composite Loans for the enterprises to cover the fixed capital or the working capital requirement.

    Where is the purpose of Bank of Baroda’s Composite Loans?

    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.

    What is the eligibility criteria for Bank of Baroda’s Composite Loans?

    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.

    What is the rate of interest on Bank of Baroda’s Composite Loans?

    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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