Great businesses need a likely partner.
Explore Bank of Baroda’s offerings.
Overdraft Against Property
-
Key Features
-
Eligibility
-
Charges
Overdraft Against Property : Key Features
-
The scheme aims at providing finance for working capital finance against immoveable property
-
Single line of credit for working capital such as Overdraft, Trust Receipts, BP/BD/LCD, short term demand loans, Letter of Credit, Bank Guarantee, etc. immoveable property
-
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 property to be mortgaged) maximum AED 5 million
Period: Renewable annually. Can be availed of in the form of loans repayable in 36 months
Overdraft Against Property : Eligibility
-
All business/service concerns having sales turnover upto AED 100 million and undertaking the business of trading in goods and services
-
Security: Assignment/mortgage of the immoveable property/personal guarantee, etc.
Overdraft Against Property : Charges
-
Rate of interest*: Competitive sate of interest prevailing at the time of sanction
-
*Terms: Rates and charges are subject to change from time to time
Request Callback
Please fill in these details, so we can call you back and assist you.
