Bank | Bank of Baroda |
Scheme | Baroda SME Loan Pack |
Description | To provide hassle free credit for working capital (fund based and non-fund based) as also long term requirements, taking into account nature of business, cyclical trends, cash flow projections, peak time requirements and any eventuality of unforeseen spurt in the business. |
Eligibility | All Enterprises, i.e. Micro, Small & Medium Enterprises, as defined under MSMED Act, 2006, and other entities with annual sales turnover up to Rs. 150/- crores exclusively banking with our bank/new borrowers desirous of having sole banking arrangement with our bank. |
Rate of Interest & Repayment | |
Collateral | |
Composite /loan Limit | Composite Limit-4.5 times of borrower tangible net worth as per last audited Balance Sheet, or, Rs. 5.00 Crores, whichever is lower. |
Margin | 25% |
Detail Link | View Scheme Details |