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Bank of Baroda, India ’ s International Bank

Middle East


Advances Products

Loan for Margin money on Baroda Housing Loan in India (For NRIs & PIOs)

[Retail Lending] [Corporate Finance]

COMMERCIAL LENDING

IV. Finance against Credit Insurance (Working Capita Finance)

Working Capita Finance Activities:

  • Facility is offered to traders / corporates, etc holding insurance policy of their receiveables from a repute insurance company
  • Loan amount depending on the working capital assessment and amount of insurance policy
  • Rate of interest to be linked with Base Rate.
  • The related insurance policy need to be assigned in bank’s favour or obtained in joint name of the bank and borrower
  • Liberal approach in stipulating cash margin


  • *Terms: Rates and charges are subject to change from time to time

     
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