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Explore Bank of Baroda’s offerings.

  • 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

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