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  • Bank of Baroda SME Loan Pack is Rated as "Great!" by 23 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bank of Baroda SME Loan Pack

    Bank of Baroda started in the year 1908 with the vision to offer its customers the best financial products and services. It is a pioneer in offering customer centric initiatives in the Indian Banking Sector. The initiative includes specialised NRI branches, Gen Net branches and Retail and SME loan factories that offer a speedy processing and disbursal of loans.

    The Baroda SME Loan Pack provides single line of credit to its SME borrowers to meet their working capital requirement and long term requirements within the limit approved but the bank.

    Apply for Personal Loan

    Purpose of Bank of Baroda SME Loan

    Bank of Baroda SME Loan Pack provides a hassle free credit for working capital as well as long term requirements. The nature of the business is taken into account and the business trends, cash flow projections and peak time requirements are measured.

    Eligibility Criteria for Bank of Baroda SME Loan Pack

    To be to avail the Baroda SME Loan Pack, you must meet the following requirements:

    • Enterprises that are micro, small and medium
    • The enterprises must be defined under the MSMED Act, 2006.
    • Other entities that have a sales turnover of up to Rs.150 crore and are associated with Bank of Baroda are considered.
    • New borrowers having sole banking arrangement with the bank are offered the loan.

    Features and Benefits of Bank of Baroda SME Loan

    The features of Bank of Baroda (BOB) SME Loan Pack are as follows:

    • The limit of the loan is set at 4.5 times the borrower's tangible net worth as mentioned in the last audited balance sheet or Rs.5 crore, whichever is lower.
    • The margin is set at 25%.
    • The rate of interest depends on the credit rating of the borrower.
    • The borrower must provide security in the following form:
    • Exclusive charge of the asset.
    • Personal guarantee of the director and partners.
    • Charge on the non-mortgaged personal property of the partners, promoters or directors.
    • Third party guarantee if the credit is Rs.1,00,00,000 to Micro and Small Enterprises.
    • Any collateral for credit above Rs.25 lakh to Medium enterprises. The asset to loan coverage must be above 1.25.
    • Credit Guarantee Fund Trust Scheme will cover loan of up to Rs.1,00,00,000 is provided to Micro and Small Enterprises.

    Bank of Baroda SME Loan Pack Interest rate

    Bank of Baroda’s base rate is set at 9.65%. The interest rate for Baroda SME Loan Pack will be decided only after viewing the past performance of the business. To know more, please get in touch with the sales officer of Bank of Baroda.

    Bank of Baroda SME Loan Pack Reviews

    • Bank of Baroda Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BANK OF BARODA , the process was really smooth and hassle free. I never had any issues with their services. They charge rate of interest and processing fee was too nominal with this bank . The process of getting loan was too quick and i did not face any issue at the time of documentation .
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2018
    • Bank of Baroda Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bank of Baroda and my experience was good, the loan amount was for Rs 50000 with high interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 2 years.
      Was this review helpful? 2
      , kolkata
      Reviewed on Nov 01, 2018
    • Bank of Baroda Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have take personal loan from Bank of Baroda which they approved in 1 day and the amount is reflected in next day ,its instant approve process. As am not satisfied with the rate of interest which is quiet high. They provided the tenure period of 5-6 years and i make the payment monthly though ECS. Even the processing fees and charges are also very high.
      Was this review helpful? 6
      , indore
      Reviewed on Aug 22, 2018
    • Bank of Baroda Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have got the personal loan from the bank of Baroda around 6months ago, they have disbursed the loan amount in 2 months of time. I haven't got the required loan amount and they haven't approved the requested loan amount. The rate of interest is average with this service.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Mar 27, 2018
    • Bank of Baroda Personal Loan
      "Efficient Bank"
      0.5 5.0/5 "Blown Away!"
      Bank of Baroda is one of those efficient banks that provided me with a loan long time ago, and their process involved minimal hazzle. The loan got approved within a day, I had option to preclose my loan which I did. The rate of interest is also good in the bank.
      Was this review helpful? 14
      , agra
      Reviewed on Oct 10, 2017
    • Bank of Baroda Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      Service was good ,customer service was very helpful and responsible ,even during the documentation part was fine ,till now it was a very good service from BANK OF BARODA for my personal loan service . I am happy with their overall service of BANK OF BARODA.
      Was this review helpful? 7
      , chennai
      Reviewed on Oct 04, 2017
    • Bank of Baroda Personal Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bank of Baroda and they gave it to me with a good deal overall. The process was easy to get the loan and the documentation was simple and the process was not lengthy. The after loan services are also smooth without any issues.
      Was this review helpful? 5
      , bangalore
      Reviewed on Sep 25, 2017
    • Bank of Baroda Personal Loan
      "Be convenient to the customers"
      0.5 3.0/5 "Satisfactory"
      As my salary account is with Bank of Baroda, I got some loan opportunity from BOB through my company but I was informed that the entire personal loan process will be done in three months of time which is too much. so I did not go with BOB. If they took three months to the people who are approaching the bank though their organization then I do not know the exact processing time if people approach the bank directly. It would be good if the loan processing time is short.
      Was this review helpful? 2
      , karur
      Reviewed on Sep 07, 2017
    • Bank of Baroda Personal Loan
      "Fair Service"
      0.5 5.0/5 "Blown Away!"
      I had not taken any personal loan from Bank of Baroda but I had tried once with the bank for the loan. Actually I am a salaried cum business man and I am maintaining my savings account with BOB for more than ten years. But the bank did not approve the loan due to the salary constrains.
      Was this review helpful? 7
      , vadodara
      Reviewed on Aug 30, 2017
    • Bank of Baroda Personal Loan
      "Excellent Service"
      0.5 3.0/5 "Satisfactory"
      Bank of Baroda provides an excellent service for me and they make my loan process easy and fast which was very helpful for me in processing my loan and the rate of intrest was also low compare to others which comes to 13.5% was affortable for me and the executives were also helpful in processing my loan process.
      Was this review helpful? 2
      , kolhapur
      Reviewed on Aug 22, 2017
    • Bank of Baroda Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have got personal loan from Bank of Baroda within 2 to 3 days of time. The additional charges are nominal with Bank Of Baroda. The rate of interest was average as per the market rate. The customer service was also very helpful in regards to my personal loan process. I am satisfied with the loan amount.
      Was this review helpful? 1
      , rohtak
      Reviewed on Aug 21, 2017
    • Bank of Baroda Personal Loan
      "BOB considers only Government employees for personal loan"
      0.5 1.0/5 "Really Bad"
      Though I am a long term customer of Bank of Baroda, they were not willing to give me a personal loan. I am having savings account for quite long time and I do much transactions with them. In spite of having savings account with SBI, I prefer BOB for all my transactions. But BoB considers only the government employee for personal loan, which is really a disappointment.
      Was this review helpful? 8
      , bhopal
      Reviewed on Mar 10, 2017
    • Bank of Baroda Personal Loan
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      Within one day my personal loan was disbursed by bank of baroda as i have account with them i just visited the branch once and on the same day the approval was given. Interest rate charged 13.5 %. Partial payment and pre payment van be done without any charges. BOB has the fast process.
      Was this review helpful? 11
      , jaipur
      Reviewed on Dec 09, 2015
    • Bank of Baroda Personal Loan
      "Satisfied!"
      0.5 3.0/5 "Satisfactory"
      I got my personal loan amount disbursed within 10 days of application. Since I am holding a savings account with Bank Of Baroda, they collected only minimal documents for the application. The interest rate and processing fees is normal when compared to other banks.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Aug 29, 2015
    • Bank of Baroda Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I hold saving account in Bank of Broda, basis on my existing relationship I applied for personal loan. I was offered loan at 11.5% interest rate. The executive came to my house within 2 hours to collect my documents. My loan was processed in 10 days.Excellent service provided from the bank.
      Was this review helpful? 6
      , vadodara
      Reviewed on Aug 10, 2015
    • Bank of Baroda Personal Loan
      "BANK OF BARODAPersonal Loan"
      0.5 4.5/5 "Excellent!"
      I am being with BOB for a quiet long time it is very friendly. They maintain good communication. Interest rate is quiet low while comparing to other banks. Even though the interest rate is high they did not keep up their words on interest so bit dissatisfied on it. Base Rate + 4.50%
      Was this review helpful? 9
      , surat
      Reviewed on May 15, 2015
    • Bank of Baroda Personal Loan
      "Bank of baroda personal loan"
      0.5 3.0/5 "Satisfactory"
      I am being with BOB for a quiet long time it is very friendly. They maintain good communication. Interest rate is quiet low while comparing to other banks. Even though the interest rate is high they did not keep up their words on interest so bit dissatisfied on it. Base Rate + 4.50%
      Was this review helpful? 5
      , secunderabad
      Reviewed on Feb 03, 2015
    • Bank of Baroda Personal Loan
      "awesome facility"
      0.5 5.0/5 "Blown Away!"
      BOB The loan amount ranges from 20,000 to 2 lacs. While the lower limit is good enough to cover people requiring small ticket personal loan, the upper limit is too low to attract people who seek higher amounts.The processing fees are 2% of the loan amount which is as per market standards. There are no prepayment charges which are a big plus for borrowers looking to pay off the loan ahead of schedule.is a public sector bank. The bank was established in 1908 and was nationalized in 1969.
      Was this review helpful? 11
      , mumbai
      Reviewed on Jan 07, 2015
    • Bank of Baroda Personal Loan
      "Best Service of Personal Loan by Bank of Baroda "
      0.5 3.5/5 "Pretty good"
      BOB The loan amount ranges from 20,000 to 2 lacs. While the lower limit is good enough to cover people requiring small ticket personal loan, the upper limit is too low to attract people who seek higher amounts.The processing fees are 2% of the loan amount which is as per market standards. There are no prepayment charges which are a big plus for borrowers looking to pay off the loan ahead of schedule.is a public sector bank. The bank was established in 1908 and was nationalized in 1969. It is one of the few nationalized banks to pursue an aggressive marketing strategy.Overall service was good.I don't have any account but even though I got a good response from them.
      Was this review helpful? 15
      , mumbai
      Reviewed on Oct 29, 2014
    • Bank of Baroda Personal Loan
      "Banking relationship with this bank is good"
      0.5 4.5/5 "Excellent!"
      It is a nationalized bank, whatever they are providing its per the government norms. If I am in need of money in urgent basis, they help me and give it immediately. Interest rate is 9.25% and I would do the deposit in branch. I have a good personal relation with this bank, even the customer service gives me personally.
      Was this review helpful? 9
      , mumbai
      Reviewed on Sep 16, 2014
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