Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Bank of Baroda SME Term Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.35% - 16.35% Floating
    1,000 to ₹10,000 One time fee
    1L - 10L
    4 Years
    Response Time Within 30 minutes
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Eligibility Criteria

    Bank of Baroda SME Term Loans is Rated as "Great!" by 12 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Bank of Baroda’s Small and Medium Enterprises Medium Term Loans

    The growth of enterprises and small and budding enterprises has always been on the list of Bank of Baroda. This sector booming today and need finance to help them along the way, Bank of Baroda has a products specifically designed Small and Medium Enterprises called the Baroda Small and Medium Enterprises Medium Term Loans.

    Where is the purpose of Bank of Baroda’s Small and Medium Enterprises Medium Term Loans?

    The purpose of this loan is to ensure that the enterprises have a single line of credit to the applicant from Small and Medium Enterprises to finance their requirement of working capital, and long term commitments as well.

    What is the eligibility criteria for Bank of Baroda’s Small and Medium Enterprises Medium Term Loans?

    Any enterprises that wish to take up this loan need to be a legitimate Micro Small and Medium enterprise. The Micro Small and Medium enterprise must have a good credit rating for at least 3 years, and must be willing to produce statements like balance sheets, profit and loss accounts, the applicant must also have 3 years of satisfied dealings with the bank.

    What is the maximum amount of loan I can avail?

    The maximum loan amount for Micro Small and Medium enterprise will be up to 25% of the net worth as per the last balance sheet, or Rs. 5 crore whichever is lesser. The margin charged would be 25%.

    What is the rate of interest on Bank of Baroda’s Small and Medium Enterprises Medium Term 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 Small and Medium Enterprises Medium Term Loans?

    1. Mortgage of fixed assets of the company that is equitable, first charge or extension of existing first charge wherein the assets cover is a minimum of 1.25.
    2. The guarantees of all the directors or will require a third party guarantors with the coverage power.
    3. The charge on the current assets of the facility with adequate drawing power.

    What are the terms for Bank of Baroda’s Small and Medium Enterprises Medium Term Loans?

    The repayment or the mortgage period will be a maximum of 36 months. There will also be a 25% concession in applicable charges under the processing fees bracket. The prepayment penalty of 1% will be charged if paid within 24 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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  • Bank of Baroda SME Term Loans Reviews

    • 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? 4
      , 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? 7
      , 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? 7
      , 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? 4
      , 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? 6
      , 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? 7
      , 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? 11
      , 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? 5
      , mumbai
      Reviewed on Sep 16, 2014
    • Bank of Baroda Personal Loan
      "Consideration of EMI date would be helpful"
      0.5 3.0/5 "Satisfactory"
      I had taken the loan before 5 years and at that point of time, there were no processing fees. Interest rate is as per the market. Its quite good and no issues at all. Regarding interest rate, the charges , i feel happy. Customer service way of approach is not bad as once my queries were resolved in bit long time. Initially, i requested to deduct the installment of 10th and later was changed as per their bank system. Its better if they can provide the installment date as per the convenient of customers. Even ECS payment options is not available.
      Was this review helpful? 7
      , udaipur
      Reviewed on Jul 23, 2014
    • Bank of Baroda Personal Loan
      "Overall services are fine and good"
      0.5 5.0/5 "Blown Away!"
      The Bank of Baroda bank services are quite OK as it is nationalized bank. Net banking is too good and faster. Branch services are quite OK and executives are doing a good job. I can find number of ATM's and their overall services are fine and good.
      Was this review helpful? 7
      , chennai
      Reviewed on Jul 14, 2014
    • Bank of Baroda Personal Loan
      "Lead banker of my company"
      0.5 3.0/5 "Satisfactory"
      Four months ago I received a personal loan from Bank of Baroda. Everything such as documentation and the loan process are the same however the guarantor details are mandatory to get a loan. Rate of interest is variable but quite affordable. Bank of Baroda is one of lead banker of my company and I am holding a salary account for a while.
      Was this review helpful? 13
      , vadodara
      Reviewed on May 17, 2014
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