Bank of Baroda, India ’ s International Bank

Middle East


SME Loan Factory

Project Finance

The Scheme aims at providing finance for setting up of a new unit, expansion of existing activities and long term requirement of any other general corporate purpose

 

Salient Features

 

Purpose:

For construction of business premises, factory sheds, etc and purchase of machinery and equipments, etc and also long term requirement of any other general corporate purpose

Eligibility:

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

Loan amount:

Depending on the cost of project (In addition, working capital limits may also  be considered)

Security:

Mortgage or assignment of project property / Possessory pledge / personal guarantee, etc.

Rate of interest*:

Competitive Rate of interest prevailing at the time of sanction

Period:

Up to 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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