Bank of Baroda, India ’ s International Bank

Middle East


SME Loan Factory

Traders Loan

The Scheme aims at providing finance for working capital and other long term purpose against the security of cash margin and / or immoveable property.

 

Salient Features

 


Purpose:


Single line of credit for Working capital such as Over Draft, Trust Receipts, BP/BD/LCD, short term demand loans, Letter of credits, Bank Guarantees, and also long term requirements against the security of certain cash margin and / or immoveable property

Eligibility:

All business / Service concerns having sales turnover upto AED 100 millions and undertaking the business of trading in goods and services

Loan amount:

(A) The working capital limit can be extended up to 20% of the projected sales Turnover subject to following:

In case security is available (subject to maximum AED 3 millions)

  1. 60% of the value of Mortgage/Assignment

  2. 50% of the value of possessory pledge

(B) In case collateral security is not available (subject to maximum AED 3 millions)

  1. 60% cash margin if establishment is less than 3 years old

  2. 50% cash margin if establishment is > 3 years


Security:

Assignment / mortgage of the immoveable property, personal guarantee, etc.

Rate of interest*:

Competitive Rate of interest prevailing at the time of sanction

Period:

Working capital Finance–Renewable annually
Term loans-Up to 7 years

 

Other Products:

  • Line of Credit
  • Project Finance
  • Equipment / Heavy Vehicles Finance
  • Overdraft against property
  •  

    For Further details

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

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

     
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