#1
26th February 2016, 03:32 PM
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Bank of Baroda loan Against FD
Hello sir, I am Sudesh Lahiri. I am from Ahmedabad. I want you to help me by providing me some information about the interest rates of Bank of Baroda for loan against FD. Can you help me?
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#2
26th February 2016, 03:47 PM
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Re: Bank of Baroda loan Against FD
A fixed deposit is a financial product offered by banks to help you earn higher rate of interest on your savings than a regular savings account. It is a kind of savings account that pay you a fixed rate of interest on your savings for investing them for a stipulated duration decided by bank. Many banks in India offer loan against fixed deposit accounts. Loan against fixed deposit is granted as demand loans or overdraft against deposits. Many top ranking private and public sector banks in India offer loan against FDs. As you have asked about the interest rates of Bank of Baroda for loan against FD, I am giving you information about it Base Rate (per annum) w.e.f. 05.10.2015 9.65% BPLR for all the existing accounts is 13.90% per annum w.e.f from 05.10.2015 Mid/Large Corporate Credit Facilities Rate of interest for Mid/Large Corporate w.e.f 01.06.2013 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% Retail Loans Baroda Home Loan to Individuals / NRIs / PIOs Floating Rate option (for fresh sanctions and for existing accounts w.e.f. 13.07.2015) Repayment Period Up to Rs. 30 Lacs Above Rs. 30 Lacs and below Rs. 75 Lacs 75 Lacs and above Upto 5 years Base Rate i.e. 9.65% Base Rate i.e. 9.65% Base Rate i.e. 9.65% Over 5 years & up to 15 years Base Rate i.e. 9.65% Base Rate i.e. 9.65% Base Rate i.e. 9.65% Over 15 years & up to 30 yrs Base Rate i.e. 9.65% Base Rate i.e. 9.65% Base Rate i.e. 9.65% |
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