Bank of Baroda

Bank of Baroda

Overview

Baroda Traders Loan facility enables individuals, proprietorships, bodies such as partnership firms and co-op societies to avail of working capital or undertake development of shop by way of loan/overdraft. Dealers in gold/ silver jewelry are also covered under the scheme.

 

Loan Feature

Loan Amount Up to Rs. 2 Crore
Interest Rate 14.5%
Tenure 5 years
Pre Payment Charges Information not available
Service Charges

Processing charges:
0.35% (Min. Rs.1,000/-, No maximum limit)

Eligibility Criteria : Business Loan

  Self
Age Information not available
Income Information not available
Job Experience Information not available
Residence Proof Information not available

Docs Required : Business Loan

  Self
ID Proof Passport/Driving License/Voter ID/PAN Card
Address Proof Electricity bill/telephone bill/Driving License/Voter ID Card/Passport/Any other valid Address Proof
DOB Proof Certificate of birth/Matriculation certificate
Financial Docs
  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years, certified by a CA 
  • Qualification proof of the highest professional degree

Other Charges : Business Loan

N/A

Products offered by Bank of Baroda

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Testimonial

After getting rejected for a home loan by two banks I thought my wish of owning a home in a city like Mumbai will remain a dream. By chance I came to your site and applied for the loan.

What happened then was a smooth process. It's been my good luck to visit your site and get loan for my dream home.

Thanks

- Deepak Gupta

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