Schemes that will pave your growth.

Meet your working capital requirements.

  • Key Features
  • Eligibility
  • Charges

Line of Credit : Key Features

The scheme aims at providing a single line of credit for meeting SME borrowers’ working capital requirements as well as long-term requirements within the overall limit approved by the bank

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

  • Overdraft

  • Trust Receipts, BP/BD/LCD

  • short term demand loans

  • Letter of Credit

  • Bank Guarantees

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

  • Loan amount: Upto AED 20 million for working capital requirement

  • Specific Term Loans can be considered separately

  • Period: Working capital requirements are renewable annually and long-term loans for maximum period of 7 years

Line of Credit : Eligibility

  •   All business/service concerns having sales turnover upto AED 100 million

  • Security: Mortgage/assignment of property/possessory pledge/cash margin/personal guarantee, etc.

Line of Credit : Charges

  Rate of interest*: Competitive rate of interest prevailing at the time of sanction

Frequently Asked Questions (FAQs)

  • What is a line of credit loan from Bank of Baroda UAE?

    Bank of Baroda UAE's Line of Credit loan offers SME borrowers a single credit line to fulfill both their working capital and long-term needs up to the maximum limit set by the bank.

  • How does the line of credit loan work?

    A line of credit loan provides borrowers with access to a revolving credit facility with a pre-approved limit. Interest is charged only on the borrowed amount, and the funds can be used for various business purposes as long as they remain within the credit limit.

  • What are the eligibility criteria for a line of credit loan?

    A satisfactory track record and financial assessment based on the company's business model are required to apply for a line of credit loan.

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