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  #2  
6th August 2015, 05:04 PM
Super Moderator
 
Join Date: Apr 2013
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
Unregistered
Guest
 
Re: Term Loan Bank of Baroda

Hello brother myself Harsh tell me what is SME short term loans eligibility criteria in Bank of Baroda?
  #4  
27th November 2015, 12:19 PM
Super Moderator
 
Join Date: Aug 2012
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


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