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Advance Against Property to Non Individuals
Baroda Advance Against Property for Non-Individuals aims at providing financing options to corporates and other institutions against property assets. With appealing pricing, flexible conditions, Bank of Baroda UAE grants rapid approvals making it perfect for strategic operational, developmental or investment activities Financing commercial real estate loans is simple; apply now and secure reliable funding for aggressive business expansion strategies.
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Key Features
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Eligibility
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Charges
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Warning Box
Advance Against Property to Non Individuals : Key Features
- Higher limit up to AED 20000000.
- Higher repayment period up to 84 months
- Competitive rate of interest
- No Hidden Charges
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Interest charges on Daily Reducing Balance
Advance Against Property to Non Individuals : Eligibility
- UAE Nationals / Expatriates / PIO / OCI
- Non individuals business entities (except LLC)
- For any purpose other than speculation
- Tenor - Term Loan – Max. 7 Years
Overdraft- 12 Months subject to annual review with 15% annual step down in the limit -
Limit- Min. – AED 100,000 Max. AED 20,000,0000
Advance Against Property to Non Individuals : Charges
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Interest Rate and Charges |
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Interest Rates |
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Processing Fees |
0.50% of sanctioned limit Min. – AED 1000/- Max. – AED 25000/- |
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Advance Against Property to Non Individuals : Warning Box
Debt Management Tool/Guidelines as per Compliance of Consumer Protection Standards of CBUAE
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WARNING: |
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Who can apply under this scheme?Non Individual business entities
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What is the maximum amount I can borrow under this scheme?
You can borrow max. Up to AED 20 Million
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What type of facility available under this scheme?
Facility can be availed in form of demand Loan, Term Loan and Overdraft only
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What is the Maximum Period up to which I can avail under this scheme?
Term Loan- Max. Up to 7 years
Overdraft- 12 months subject to annual review with 15% annual step down in the limit -
Do you offer early settlement under this scheme?
Yes you can repay your loan before maturity
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What is the charge for early settlement?
No charges for early settlement
