• Baroda SME Loan Pack

    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. 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

    • 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

    • 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.

    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.


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