#1
16th April 2016, 04:48 PM
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Bank Of Baroda Working Capital Loan
I am planning to take Working Capital Finance or Loan from Bank of Baroda (BOB) wants details about taking this loan. Will you please provide me key benefits of taking Working Capital Finance Loan along with their rate of interest so that I can plan to take this loan facility of BOB?
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#2
16th April 2016, 04:49 PM
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Re: Bank Of Baroda Working Capital Loan
Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara in Gujarat, India. Bank of Baroda offers corporations Working Capital Finance or Loan to meet operating expenses, purchasing inventory, receivables financing, either by direct funding or by issuing letter of credit. Key Benefits Funded facilities, i.e. the bank provides funding and assistance to actually purchase business assets or to meet business expenses. Non-Funded facilities, i.e. the bank can issue letters of credit or can give a guarantee on behalf of the customer to the suppliers, Government Departments for the procurement of goods and services on credit. Available in both Indian as well as Foreign currency. Interest rate: Base Rate (per annum) 9.65% Mid/ Large Corporate: Rating Rate of Interest CR-1 Base Rate + 2.50% CR-2 Base Rate + 2.75% CR-3 Base Rate + 2.75% CR-4 Base Rate + 3.25% CR-5 Base Rate + 3.75% CR-6 Base Rate + 4.25% CR-7,8,9,10 Base Rate + 4.75% Contact: Corporate Centre Bank Of Baroda Baroda Corporate Centre, Plot No - C-26, G - Block, Bandra - Kurla Complex, Bandra (East), Mumbai-400051 Phone 022) 6698 5000- 04 Fax 022) 2652 3500 |