Bank of Baroda, India ’ s International Bank

Middle East


SME Loan Factory

Line of Credit

The Scheme aims at providing single line of credit for meeting SME borrowers’ working capital requirement as well as long term requirements within the over all limit approved by the Bank.

 

Salient Features

 


Purpose:


Hassle free single line of credit for Working capital such as –

Ø Over Draft,

Ø Trust Receipts, BP/BD/LCD,

Ø short term demand loans,

Ø Letter of credits,

Ø Bank Guarantees,

Ø long term requirements will also be considered separately in addition to above if required

Eligibility:

All business / Service concerns having sales turnover upto AED 100 millions

Loan amount:

Upto AED 20 millions for working capital requirement
Specific Term Loans can be considered separately

Security:

Mortgage / Assignment of property / Possessory pledge / Cash Margin / personal Guarantee, etc.

Rate of interest*:

Competitive Rate of interest prevailing at the time of sanction

Period:

Working Capital requirement are renewable annually and long term loans for maximum period of 7 years

 

Other Products:

  • Project Finance
  • Equipment / Heavy Vehicles Finance
  • Loans to Traders for working Capital
  • Overdraft against property
  •  

    For Further details

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

     
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