Schemes that will pave your growth.
Meet your working capital requirements.
Line of Credit
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Key Features
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Eligibility
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Charges
Line of Credit : Key Features
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Overdraft
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Trust Receipts, BP/BD/LCD
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short term demand loans
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Letter of Credit
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Bank Guarantees
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long term requirements will also be considered separately in addition to above if required
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Loan amount: Upto AED 20 million for working capital requirement
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Specific Term Loans can be considered separately
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Period: Working capital requirements are renewable annually and long-term loans for maximum period of 7 years
Line of Credit : Eligibility
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All business/service concerns having sales turnover upto AED 100 million
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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
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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.
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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.
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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.
