#1
6th August 2015, 03:19 PM
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Term Loan Bank of Baroda
What is the interest rate for Bank of Baroda SME Medium Term Loans, & Eligibility Criteria also, will you please provide here BOB SME Medium Term Loans details???
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#2
6th August 2015, 05:04 PM
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Re: Term Loan Bank of Baroda
Bank of Baroda SME Medium Term Loan details are as given below: Eligibility Criteria The applicant should have following criteria: Satisfactory credit rating for the last three years Latest Balance Sheet etc. should be available. Satisfactory financial performance in terms of Sales/turnover and profits Negative variance, if any, should not be more than 10%. Total Debt-equity ratio should not be higher than 4.5:1 and total Term Liability and equity ratio should not be more than 3:1. Average DSCR should not be less than 1.75:1 Satisfactory dealings with the Bank for at least Three years LOAN AMOUNT: Upto 25% of the existing fund based Working capital limits (depending on the Credit Rating), subject to a minimum of Rs. 25 Lakhs and maximum of Rs. 500 Lakhs. RATE OF INTEREST: Prepayment penalty of 1%, if loan is prepaid within -24- months of drawdown PROCESSING CHARGES / UPFRONT FEE: 25% concession in applicable charges. |
#3
27th November 2015, 12:15 PM
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Re: Term Loan Bank of Baroda
Hello brother myself Harsh tell me what is SME short term loans eligibility criteria in Bank of Baroda?
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#4
27th November 2015, 12:19 PM
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Re: Term Loan Bank of Baroda
Hello brother as you ask for the eligibility criteria in Bank of Baroda for SME short term loans so I am providing you details…………. Eligibility Criteria Satisfactory credit rating for the last three years Latest Balance Sheet should be available. Satisfactory financial performance in terms of sales / turnover and profits, Negative variance, if any, should not be more than 10%. Satisfactory dealings with the Bank for at least three years Loan Amount Up to 25% of the existing Fund based Working capital limits, subject to a minimum of Rs. 10 Lakhs and maximum of Rs. 250 Lakhs Period To be repaid in 12 months including moratorium period. Rate of Interest As applicable to existing working capital facilities Processing Charges 25% concession in applicable charges Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara in Gujarat, India. It is the second-largest bank in India, after State Bank of India. Customer service 1800 102 4455 CEO Ranjan Dhawan Headquarters Mumbai Founder Sayajirao Gaekwad III Founded July 20, 1908 Owners Government of India |