Bank of Baroda, India ’ s International Bank

Middle East


SME Loan Factory

Overdraft Against Property

The Scheme aims at providing finance for working capital finance against 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 Guarantee, etc. 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:

50% of the Market Value of the property to be mortgaged (60 % in case the third party guarantee of adequate worth is available in addition to the propery to be mortgaged) maximum AED 5 million

Security:

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

Rate of interest*:

Competitive Rate of interest prevailing at the time of sanction

Period:

Renewable annually

Can be availed in the form of loans repayable in 36 months

 

Other Products:

  • Line of Credit
  • Project Finance
  • Equipment / Heavy Vehicles Finance
  • Loans to Traders for working Capital
  •  

    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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