Bank of Baroda Business Loans

Are you stressed about setting-up or expanding your business? Do not worry. Bank of Baroda Business Loans are here. You can scale-up your business to new heights with BOB business loans. The Bank offers tailor-made loans with competitive interest rates. We are here to inform you about these loans in detail and help you analyze the category that your business belongs to.

Interest Rate and Other Charges

• Interest Rate: 12% - 14.5%

• Processing Charge: up to 1% of the loan amount

Types of BOB Business Loans

Baroda Vidyasthali Loan

The Baroda Vidyasthali Loan is a specially designed for financing educational institutions.

Target Group

Educational institutions

Eligibility

• All educational institutions including play schools such as Zee School, Kidzee, Euro Kids, World school. HUF are not eligible.

• Only applicants with a credit rating of 6 and above will be financed under the scheme.

Nature of Facility

Term loan/Overdraft

Purpose

• Construction of buildings, including expansion, renovation, and modernization of educational institutions.

• Purchase of instruments for education or training purposes.

• Financing for the purchase of land alone is not permissible. However, if the land cost is included in the total cost of the project, the same can be financed.  Also, land cost must not be more than 20% of the total project cost, and an undertaking shall also be obtained that construction will be completed within 2 years.

• OD for short-term fund requirements based on the budget, provided that the educational institution is profit-making and without any other bank liability.

• Vehicles can be financed as per the CV finance product guidelines.

Loan Amount

• For term loan: Rs. 25 lakhs to Rs. 15 crores/Rs. 25 crores (for Mumbai/Greater Mumbai, Bangalore, Delhi-NCR, Hyderabad). 

• For overdraft: Maximum – Rs. 3 crores/Rs 5 crores (for Delhi-NCR/Mumbai/Greater Mumbai) or 60% of total fees collection, whichever is less.

Apply Online

You can Apply for Baroda Vidyasthali loan here.

Baroda Arogyadham Loan

Eligibility

• All MSMEs - regulatory and expanded.

• Exclusion: 

  • Real Estate Projects

  • Promoter/owner should not be HUF.

Note: At least one of the promoters/directors/doctors must have the necessary qualification in any branch of medical science.

Purpose

• To meet working capital requirements (includes stock of medicines).

• Set up/purchase of a new clinic/hospital etc.

• Expansion/modernization/renovation of an existing hospital/facility.

• Purchase of new medical equipment/office equipment.

 Learn about : Bank of Baroda Business Loans

Nature of facility

Demand/Term Loan, Overdraft, Letter of Credit, Bank Guarantee

Loan Amount

• Minimum Amount: Rs. 5 lakhs

• MaximumAmount:

  • Rural- 25 lakhs

  • Semi Urban- 6 crores

  • Urban- 12 crores

  • Metro- 30 crores     

Apply Online

You can Apply for Baroda Arogyadham Loan here.

Fintech

Under Fintech, BOB offers two different types of loans:

Baroda Overdraft for E-Commerce Business

Features and Benefits:

• Purpose: Working capital requirements for manufacturing/procurement/processing of goods/trading and receivables arising from Amazon.

• Target group : Sellers engaged in manufacturing/trading activities through Amazon. 

• No branch visit needed for sanction

• Reduced TAT - 3 to 5 days

• No EMI burden

• Turnover-based credit limits

• Collateral-free credit facility

• Boosting NTC customers

• Overdraft for 12 months

• Loan amount is between Rs. 1 lakh to Rs.25 lakhs

Interest Rate and Other Charges:

• Rate of Interest : 12.00% p.a at present

• Processing/Management fee:

  • Upto Rs. 5 lakhs: 0.75% of overdraft limit

  • Above Rs. 5 lakhs: 1.10% of overdraft limit

• Inspection Charges : Rs. 1000 per visit + conveyance and out-of-pocket expenses

Also Read : Change Your Address, Email ID & Mobile Number in Your BOB Account

Baroda Tankerz Loan

Product Details:

Finance to SC/ST entrepreneurs to purchase LPG tankers (for successful allottees of transportation contracts by oil marketing companies under the Stand-Up India Scheme)

Product Features:

• Eligible group: SC/ST Entrepreneurs who have secured a tender with oil marketing companies (IOC/ BPCL/ HPCL). For non-individual enterprises, 51% of the controlling stake must be held by SC/ST individuals.

• Purpose: For the purchase of new tanker trucks for commercial enterprises with oil marketing companies.

• Type of Facility: Demand Loan/Clean Overdraft/Term Loan/Bank Guarantee

• Loan Amount: Above Rs.10 lakhs and a maximum of Rs.100 lakh (FB & NFB put together)

• Repayment Period: 60 months

• Margin: Term Loan
  Option I - Minimum 25%
  Option II - Minimum 10%

• Collateral-free facility

• Age Limit: 21-55 years

Key Benefits:

• Collateral-free credit facility under the Stand-Up India scheme

• Quick and hassle-free loan approval

• Attractive interest rate

• Longer tenure - of up to 60 months

• Higher amount of eligibility - of upto Rs.100 lakhs

• Pan-India service

• Minimal documentation

Repayment:

• Term Loan- 66 months (door-to-door) including a moratorium period of 6 months. i.e. Repayment period of 60 months

• Clean OD- To meet initial expenses for upto two months from the commencement of the operation of the vehicle, and thereafter, the limit will be reduced to 36 equal installments.

Quick Link : Check your Credit report for free

Composite Loans

Eligibility

• Small Enterprises (Manufacturing Sector) including village and cottage industrial units, artisans and micro-enterprises in the small enterprises sector.

• Micro/Small Enterprises (Service Sector) engaged in industrial activities only.

Purpose

• Fixed capital investment 

• Working capital requirements

Type Of Facility

Composite loans

Amount of Loan

Upto Rs. 100 lakhs

Margin

• Nil - for loan upto Rs. 25,000/-.

• 15%-25% - for loans above Rs. 25000/- and up to Rs. 100 lakhs

Security

• Charge on assets and other collateral securities are determined on the merits of each case.

Repayment Period

• 3 years to 10 years (which can be extended), with an initial holiday of 12 months to 18 months.

Apply Online

You can Apply for Baroda Composite loan here.

Working Capital Finance

Bank of Baroda offers working capital finance to meet a firm’s operating expenses, receivables financing, and inventory purchase, either by direct funding or by issuing a letter of credit.

Features and Benefits:

• Available in Indian as well as foreign currency.

• Funded facilities - provides funding and assistance to purchase business assets or to meet business expenses.

• Non-Funded facilities - issues letters of credit or can give a bank guarantee on behalf of the customer, to the suppliers and government departments, for the procurement of goods and services on credit.

Apply Online

You can Apply for Baroda Working Capital Finance loan here.

Term Finance

Under Term Finance, BOB offers the following:

• Fund-based finance for capital expenditure/acquisition of fixed assets to start/expand a business or an industrial unit, or to swap with existing high-cost debt from another bank/financial institution.

• Non-fund based-finance is offered in the form of deferred payment guarantee for the acquisition of fixed assets to start/expand a business or an industrial unit.

Apply Online

You can Apply for Baroda Term Finance here.

Small Business Borrowers

Best suited for individuals leading an independent business, with or without hired labor. This loan is offered to purchase equipment or tools (including PCs for professional use), to acquire new businesses or renovate existing ones, and for working capital requirements.

Features and Benefits:

• Can be used to purchase any of the necessary equipment, like a personal computer for professional use.

• Repair and renovate existing equipment.

• Acquisition and repairs of business premises or tools.

• Generate working capital.

• Accounts rated as A+ will be entitled to lower interest rates.

• Simple application procedure.

• Loans can be availed at all branches of BOB. 

• Complaints and grievances to be reported to the regional zone offices or to the central office.

Terms & Conditions:

• Those who conduct any profession/business independently with or without hired labor, such as persons in the medical profession, engineers, contractors, consultants, lawyers, electricians, hairdressers, handicrafts artisans, etc. are eligible.

• A DP note, with the letter of hypothecation of equipment, along with the mortgage of business premises, has to be submitted to the bank.

• The maximum loan amount is Rs. 5 lakhs for businessmen and professionals, out of which the working capital must not exceed Rs. 1 lakh.

• The maximum limit for professionally qualified medical practitioners to set up practice in semi-urban or rural areas is Rs.10 lakhs, with the sub-limit of Rs. 2 lakhs on working capital.

Apply Online

You can Apply for Small Business Borrowers Loan here.

MSME Loan

Purpose:

• Acquisition of land or factories, and construction of building spaces.

• Temporary assistance to meet urgent need for raw material.

• Purchase of plants and machinery, including lab and testing equipment.

• Meeting working capital requirements such as raw materials, stock-in-progress of finished goods, and for purchase/discounting of bills.

Loan Amount:

Type of the Enterprise	Investment in Plant & Machineries for Manufacturing Enterprises	Investment in Equipment for Service Sector Enterprises
Micro	Up to 25 lakhs	Up to 10 lakhs
Small	25 lakhs - 500 lakhs	10 lakhs - 200 lakhs
Medium	500 lakhs - 1000 lakhs	200 lakhs - 500 lakhs

Apply Online

You can Apply for MSME Loan here.

Baroda E-Business Pack

Purpose

• To cater to the needs of companies/firms undertaking digital and non-digital transactions of retail trade units, and also for the MSME service sector.

• Linkage with a POS machine or UPI-based app/payment gateway/QR Code for digital transactions.

 

Eligibility

• A minimum of 2 years in the existing business, with minimum 10% of the total sales over the last 6 months in digital mode. Moreover, the company/firm must be making a profit (cash profit) for the last two years.

Type of Facility

• Overdraft/composite loan/demand loan/term loan for financing capital expenditure/working capital requirement to MSME.

Limit

• For working capital: Up to Rs.500 lakhs 

• For term loan: Up to Rs.100 lakhs

Period

• For overdraft: 12 months

• For demand loan/term loan: Up to 60 months (including a maximum moratorium period of 6 months)

Margin

• Working capital: Minimum 6.25% on accepted/projected non-digital turnover and 7.5% of the portion of turnover that is projected digitally.

• Demand loan/term loan: 25%

Other Guidelines for Borrowers Under Micro & Small Segment

• No collaterals for up to Rs.10 lakhs, and all the eligible loans will be covered with NCGTC guarantee scheme under PMMY loans.

• Credit limits above Rs.10 lakhs to Rs.200 lakhs for other beneficiaries engaged in the activities of the service sector are collateral-free.

Also Read : Bank of Baroda Netbanking

Apply Online

You can apply for Baroda E-Business Pack here.

Commercial Vehicle Finance

Purpose

• To provide hassle-free term loans to purchase a new commercial vehicle for existing strategic fleet operators, super strategic fleet operators, large fleet operators, and captive users.

Eligibility

• Individual/partnership firm/proprietorship firm/company engaged in transportation, and others, for captive use.

Key Features

• Hassle-free documentation and doorstep service.

• No prepayment charges after completing 50% of the loan tenure.

• No hidden charges

• No collateral security

Loan Tenure

• Up to 5 years

Loan Amount

• Up to Rs. 30 Crores

Margin

• Loans of up to 100% on the chassis and upto 75% on the body.

• Loan of upto 95% on a fully built vehicle.

Apply Online

You can apply for Commerical vehicle finance here.

Baroda Loans for Restaurants

Purpose:

• For acquiring premises, renovation/modernization of existing business, and interior decoration of non-lodging/non-boarding restaurants. 

• Purchase of kitchen equipment, furniture and fixtures.

Eligibility:

• Individuals/sole proprietorship/partnership/private or public Ltd. company or any other such business entity.

• Restaurants under franchisee model can be taken on merits.

Loan Amount:

	Working Capital Finance			Term Loans
	Semi-urban	Urban	Metro	Semi-urban	Urban	Metro
Minimum	1 lakh			5 lakhs
Maximum	5 lakhs	10 lakhs	50 lakhs	50 lakhs	100 lakhs	500 lakhs

Margin:

• 25% for kitchen equipment, furniture, and fixtures.

• 35% for purchase, construction, renovation, expansion, modernization of premises, and interior decoration.

Apply Online

You can apply for Baroda loans for restaurants at BOB official website.

Baroda Property Pride

Purpose:

To provide need-based funding to individuals/units engaged in the trade of any commodity/goods, provided that trading in them is not prohibited by law or opposed to public interest.

Eligibility:

• The business units should be profit-making for the last 2 years. 

• Borrowers should comply with the licensing requirement for the business.

Facility:

• For working capital requirements: Overdraft

• For non-fund-based facilities: Letter of Credit and Bank Guarantee

Term Loan:

• For traders: Development of shops - Purchase of equipment, furniture, computers, air-conditioner, etc. for need-based requirements (not for the purchase of the shop itself) 

• For other units: For purchase of plant and machinery/ equipment; repair/renovation of factory land and buildings.

Limit:

	Rural	Semi-urban	Urban	Metro
Minimum	2 lakhs	2 lakhs	5 lakhs	5 lakhs
Maximum	100 lakhs	300 lakhs	500 lakhs	1000 lakhs

Tenure:

• Maximum: 60 months (based on the repayment capacity).

• Overdraft: 12 months

Apply Online

You can apply for Baroda property pride online at BOB official website.

NHFDC Refinance

Purpose:

Provides the facility of collateral-free loan for people with disabilities at NHFDC/Bank’s rate of interest under the CGTMSE scheme.

Eligibility of Business Activity:

The business activity should be eligible under CGTMSE

Limit:

• Maximum-Rs. 25 lakhs

Margin:

• For Term Loan/Demand Loan:

  • 30% on land & building

  • 25% on plant & machinery

• For Cash Credit: 25% against stocks and book debts, for up to 90 days only

Apply Online

You can apply for NHFDC refinance here.

SME Short Term Loans

Purpose

• To meet temporary liquidity shortfall or mismatch in the line of business activity. This facility is not provided for purposes like repayment of loans to other banks/institutions, unsecured loans, etc.

Borrower Group

• MSMEs (regulatory and expanded).

• Excluded sectors: Real estate, power, education, and the IT sector.

Eligibility Criteria

• A satisfactory credit rating of BOB - 5 and above without any decline, for the last three years, and for 4 half-years for accounts where credit rating is done on a half-yearly basis.

• Satisfactory dealings with BOB for at least 3 years without any major inspection/audit irregularities.

• Latest financial documents with satisfactory performance.

Loan Amount

• Rs. 10 lakhs-250 lakhs

Note: Short-term loan and Ad-hoc facility cannot be concurrent.

Period

• 12 months (includes moratorium period)

Processing and documentation charges:

• 25% concession on the applicable charges.

Apply Online

You can apply for SME Short Term Loan at BOB official website.

SME Medium Term Loan

Purpose

• To augment the enterprises’ working capital gap, to help improve the current ratio, and to meet genuine business requirements. 

Borrower Group

• MSMEs (regulatory and expanded).

• All other entities with an annual turnover of Rs. 1 crore - Rs. 250 crores. 

Eligibility Criteria

• A satisfactory credit rating of BOB - 5 and above without any decline, for the last three years, and for 4 half-years for accounts where credit rating is done on a half-yearly basis.

• Latest financial documents with good performance in terms of sales/turnover and profits.

• Satisfactory dealings with BOB for at least 3 years without any major inspection/audit irregularities.

Loan amount

• Rs.25 lakhs-Rs.500 lakhs

Repayment period

• Not more than 36 months, to be repaid in equal quarterly or half-yearly installments.

Apply Online

You can apply for SME Medium Term Loan here.

Scheme for Professionals

Eligibility:

Professionals in any discipline.

• Should possess a professional degree from a recognized university.

• Minimum ITR - a taxable income of 2.5 lakh

• 3 years of experience in their respective fields. For CA/CS/ICWA - 3 years from the date of the certificate of practice.

• A minimum bureau score of 700.

Purpose:

• WC Requirement

• For the construction of office premises on self-owned land.

• NFB facilities

• For the acquisition of ready-built new office premises.

• Purchase of equipment (expanding/renovating)

Age of the Borrower:

• Minimum - 21 years

• Maximum - 65 years

Nature of Facility:

• Term Loan/Cash Credit/Demand Loan/Non-fund-based facilities.

Limit:

• Minimum:

  • Rs. 5 lakhs ( For rural and semi-urban areas)

  • Rs. 10 lakhs ( For urban and metro areas)

• Maximum: Rs. 5 crores

Repayment:

• Term Loan: Max 84 installments (including moratorium period).

Apply Online

You can apply for Scheme for professionals here.

Baroda SME Loan Pack

Eligibility:

• MSMEs (regulatory and expanded).

• The borrower must exclusively deal with BOB

Purpose:

To provide hassle-free credit for working capital (both fund-based and non-fund-based) and also capital expenditure within the overall composite limit.

Composite limit:

4.5 times of borrower’s tangible net worth based on the last audited balance sheet or Rs. 10 crores, whichever is lower.

Delivery of Product:

Fund-based (short/long-term) or non-fund-based facilities, based on the requirements of the borrower.

Period for TL:

A maximum period of up to 7 years

Margin:

25% (on all the facilities)

Apply Online

You can apply for SME Loan Pack here.

Construction and Mining Equipment

Eligibility:

Individual/partnership firm/proprietorship firm/company engaged in construction/mining activity (contractors).

Purpose:

To provide hassle-free term loan to purchase new construction and mining equipment for eligible first-time buyers; and for small, medium, large, and strategic segment contractors.

Key Features:

• Hassle-free documentation and doorstep service.

• No prepayment charges after completion of 50% of the loan tenure.

• No prepayment charges for loans of upto Rs. 50 lakhs, for micro or small enterprise.

• No hidden charges

• No collateral security

Loan Amount:

Up to Rs. 50 crores

Loan Tenure:

Up to 5 years

Margin:

A minimum of 10% on ex-showroom price.

Apply Online

You can apply loan for Construction and mining equipment loan at BOB official website.

MSME Textile Scheme

Purpose:

Financing working capital requirements for new projects i.e. acquisition/construction of land and building and plant or machinery, based on the project cost.

Eligibility:

All new/existing units engaged in textile activity, including the job worker/traders falling under SME Segment as per regulatory definition.

Limit:

• Rs. 25.00 lakhs to Rs. 25.00 crores

Margin:

For cash credit:

• Minimum 25% on stock and book debts

For term loan:

• 30% for factory land and building

• 25% for new P&M and other misc. fixed assets

• 30% for second hand P&M (under TUF scheme)

• 30% for second-hand P&M (imported)

• 40% for second-hand P&M (indigenous outside TUF scheme)

Apply Online

You can apply loan for MSME Textile Scheme at BOB official website.

BOB Weaver Mudra Scheme

Objective:

• Providing adequate and timely assistance to weavers for their credit requirements and investments, as well as for working capital requirements, in a flexible and cost-effective manner. This scheme can be implemented both in rural and urban areas.

Eligibility:

• Existing/experienced handloom weavers

Purpose:

• Purchase of looms, CAPEX, and WC requirements

Facility:

• Demand loan and  working capital finance

Maximum Limit:

• Rs.5 lakhs (Inclusive of demand loan & WC finance)

Margin:

• 20% of the total project cost

• Margin of up to Rs.10000, or 20% of the amount, whichever is less.

Assessment of Limits:

• Demand Loan: 80% of the cost of looms and other capital expenditure

• Working Capital limit: 20% of estimated/projected turnover.

Apply Online

You can apply loan for BOB Weaver Mudra Scheme here.

Baroda Loan to Business Correspondents

Purpose:

• To purchase computers and its peripherals to set up or renovate your office.

• Purchase of vehicle to visit villages

• To meet the working capital requirement for day-to-day transactions through a settlement account.

Eligibility:

• Business correspondents and kiosk operators with the valid agreement with service providers engaged by BOB.

• Age: 18-60 years

• All vendors/suppliers of large real estate developers for whom program limits have been approved.

Total Limit:

Area	Demand Loan	OD(WC)	TL(Vehicle loan)	Total
Rural and Semi-urban	75000	25000	50000	15000
Urban	115000	35000	50000	200000
Metro	150000	50000	50000	250000

Margin:

• 10% of the total loan amount.

Facility:

• Demand Loan/TL/OD

Repayment Period:

• Overdraft: Repayable on demand, subject to annual review.

• Demand Loan: Maximum 36 EMIs.

• Term Loan (Vehicle): Maximum 60 EMIs.

Apply Online

You can apply for BOB Loan for Business Correspondents at BOB official website.

Vendor Bill Discounting Product For Vendors and Suppliers of Large Real Estate Developers

Eligible Borrowers:

All vendors/suppliers within SME regulatory/non-regulatory classification of large real estate developers.

Eligibility Criteria of Real Estate Developer:

• External credit rating - ‘A’ rated or above.

• Registered under RERA.

• Tangible net worth as per last ABS - Minimum Rs. 50 crores.

• Minimum holding of 3 years in the real estate sector.

Eligibility Criteria of Vendors/Suppliers:

• Minimum 2 years of association with the real estate developer

• Minimum annual sales/services of Rs. 0.5 crores with the real estate developer in the previous year. 

• Positive tangible net worth as per last ABS.

• Positive profit after tax for the last 2 years.

Margin:

A minimum of 10% of the bill amount

Tenor of Finance:

Maximum 90 days

Apply Online

You can apply for this loan here.

Bill/Invoice Discounting Under Value Chain Finance

Purpose:

• To provide easy finance to eligible vendors/sub-vendors of investment-grade corporates with good financial discipline by way of discounting bills/invoices drawn by the vendors/suppliers on the corporates.

Target Clients

• Anchor: Manufacturing/services enterprises, except gems and jewellery, agriculture and real-estate based enterprises, and NBFC. 

• Vendor/Supplier: All vendors/suppliers recommended by Anchor.

Benefits:

Benefits to Anchor:

• Uninterrupted supply of raw material.

• Better price negotiation with vendors/suppliers.

• Strengthens relationship with value chain partners.

Benefits to vendor:

• Hassle-free finance at attractive terms.

• Higher quantum of finance as the margin requirement shall be much lower than that through the conventional route.

• Low/no-security guarantee requirement.

Highlights of the Eligibility Criteria for the Anchor

Vendor Bill/Invoice Discounting (for large manufacturers/service providers)

• Turnover as per last ABS must be between Rs. 200 crores and Rs. 2000 crores.

• Positive operating profitability at least for three years.

• External credit rating of BBB and above.

• A business vintage of 5 years.

Vendor Bill/Invoice Discounting (for small manufacturers/service providers/sub-vendors)

• Turnover as per last ABS must be between Rs. 50 crores and Rs. 200 crores

• Positive operating profitability for the last two years.

• A business vintage of 3 years.

• CMR rating between 1-5.

Tenor:

• Finance is provided for upto 90 days.

Margin

• 10% of the bill/invoice amount.

Apply Online

You can apply for this loan here.

How to Apply for BOB Business Loans

Apply for BOB Business Loan Online

• Visit the BOB online loan application page.

• Fill in the form with the required details and submit the same. 

• You will receive a call from a customer care executive, who will guide you through the process.

Apply for BOB Business Loan Through a Branch

• Visit the nearest BOB Bank.

• Request for the Business Loan application form.

• Ask for information on the type of loan you want to opt.

• Fill in the form with the required details.

• Submit it along with the required documents.

• After verification, your loan request will be processed.

Documents Required for BOB Business Loans

Here is the list of documents required to apply for BOB Business Loans.

• PAN Card of the individual/company/firm

• For identity proof:

  • PAN card

  • Aadhaar card

  • Voter's ID card

  • Passport

  • Driving license

• For address proof:

  • Voter's ID card

  • Aadhaar card

  • Driving license

  • Passport

• Bank statement for the last 6 months.

• Latest ITR (CA certified/audited) along with balance sheet, computation of income, and profit & loss account for the last 2 years.

• Form 60 for applicant/co-applicants/guarantor.

• Proof of continuation (ITR/establishment/trade license/sales tax certificate)

• Other Documents 

  • Sole proprietorship declaration or certified copy of partnership deed

  • Board resolution (Original)

  • A certified true copy of Memorandum and Articles of Association (certified by the director)

Interest Rates of Top Banks Offering Business Loans 

Bank	Interest Rate	Processing Fee
SBI	11.20% - 16.30%	2% to 3%
Axis Bank	15.50% - 24%	Up to 2%
HDFC	15.65% - 21.20%	Up to 2.5%
ICICI	12.90% - 16.65%	Up to 2%
Citibank	16% - 18.99%	Up to 2%
Yes Bank	16.25% - 19.99%	Up to 2%
PNB	12.65% - 16.65%	Up to 1.8%
IDBI	13%	1%
Kotak Bank	16% - 19.99%	Up to 2%
IndusInd	14%	Up to 2.5%
Andhra Bank	9.15% - 16%	1% to 3%
RBL	20% onwards	Up to 3%
Canara Bank	10.50% - 18%	Up to 1%
Bank of Baroda	14.10%	Up to 1%

 

FAQs

How can I repay my BOB Business Loan?

You can repay the loan through

• Electronic Clearing System (ECS)

• Equal monthly installments (EMI)

• Auto-debit of your EMI from your BOB bank account.

What is the interest rate on Bank of Baroda Business Loans?

The interest rate ranges between 12% and 14.5%, and it is determined depending on your business profile, track record, loan amount, and tenure.

What is the security needed to avail a BOB Business Loan?

The security depends on the type of loan.

Are there any specific loans for doctors?

Yes. Baroda Arogyadham Loan is tailor-made for the requirements of doctors.

I am a CA professional. Do I have any loan to set up my business?

Yes. BOB Loan for Professionals is the right loan for you.