Bank of Baroda, one of India's leading public sector banks, offers a diverse range of business loans to support the financial needs of enterprises. From working capital loans and term loans to specialized financing for expansion, Bank of Baroda provides tailored financial solutions for businesses. With a strong presence and a customer-centric approach, the Bank of Baroda is a reliable partner for entrepreneurs seeking funding to grow and sustain their businesses.
Bank of Baroda offers various types of business loans to meet the diverse needs of businesses. Here are the highlights of Bank of Baroda Business Loans:
|Up to ₹200 Crore
|Connected to Repo Rate/MCLR
|For working capital, business expansion, equipment purchase, and business development for start-ups.
|Based on the loan type
|Both Secured and Unsecured business loans
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Bank of Baroda has specific eligibility criteria for business loans. However, the general eligibility criteria for Bank of Baroda business loans depend on these three factors:
For more detailed information, it's advisable to visit the Bank of Baroda's official website or reach out to the bank directly.
What is the CIBIL score for the Bank of Baroda business loan?
Bank of Baroda generally looks for a CIBIL score of 700 and above for business loan applications.
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Before you apply for a business loan, ensure you have all the necessary documents ready. Here are the general documents required for a Bank of Baroda business loan:
Bank of Baroda offers a variety of business loans to meet the financial needs of different types of businesses. These loans include options for working capital, business expansion, and equipment financing, providing support for entrepreneurs and enterprises across various industries. Here are the various types of business loans for Bank of Baroda:
|Digital Mudra Loan
|Micro and small enterprises engaged in non-farm income-generating activities.
Loan Amount: Up to ₹10 Lakh
|Digital MSME Loan
|Micro, small, and medium enterprises for various business needs.
|Baroda Guaranteed Emergency Credit Line Scheme
|Working capital support for businesses affected by the COVID-19 pandemic.
|Baroda Covid Emergency Credit Line
|Emergency needs of businesses impacted by COVID-19, including salary payments, rent, etc.
Loan Amount: Up to ₹200 Crores
|Pradhan Mantri Mudra Yojana
|Micro and small enterprises across various sectors like manufacturing, trading, services, etc.
|Baroda Vidyasthali Loan
|Investments in educational institutions like schools, colleges, and vocational training centers.
|Multiple business requirements such as working capital, equipment purchase, infrastructure development, etc.
Loan Amount: Up to ₹100 Lakhs
|Business Correspondents Loan
|Baroda Working Capital Loan Scheme
|Customized solutions for working capital requirements based on business needs.
|Baroda Term Loan Scheme
|Long-term financing for specific projects or expansion plans.
|Baroda Project Finance Scheme
|Large-scale infrastructure projects such as power plants, roads, bridges, etc.
|Baroda Kisan Credit Card
|Working capital needs for various agricultural activities.
|Baroda Kisan Tatkal Loan Scheme
|Emergency agricultural needs such as crop failure, natural disasters, etc.
|Baroda Healthcare Scheme
|Development and upgradation of healthcare infrastructure like hospitals, clinics, and diagnostic centers.
|Baroda Energy Efficiency Project (BEEP) Finance
|Implementing energy-saving upgrades and technologies in businesses.
|Scheme For Financing Textile Units
|Modernization and expansion of textile units, including machinery upgrades, technology adoption, etc.
Loan Amount: ₹25 Lakhs to ₹50 Crores
In need of a business loan?
Bank of Baroda offers a range of business loans with attractive features and benefits. Here is why you can apply for Bank of Baroda Business Loan:
Applying for a business loan can be done through two methods: online application via the bank's website and visiting a bank branch in person. The online application offers convenience while visiting a branch allows for direct negotiation and personalized assistance in the application process.
Here are the steps to apply for a business loan with the Bank of Baroda online:
Bank of Baroda offers several business loan customer care numbers depending on your specific needs and location:
Toll-Free Numbers (24x7):
Non-Toll-Free Numbers: +91 79 49044100: For NRIs calling from India. Available 24x7.
Missed Call Service: Give a missed call to 8467001111/8468001122 to receive a call back from a customer care representative.
As a prominent loan service provider in India, Buddy Loan simplifies availing personal loans and business loans from RBI-approved lenders. Follow the steps below to apply for a business loan through Buddy Loan:
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The documents typically required for a Bank of Baroda business loan include identity proof, address proof, business vintage proof, financial documents, and business entity proof.
The repayment period for Bank of Baroda business loans can extend up to 7 years, depending on the nature of the business and the loan amount.
The eligibility criteria for Bank of Baroda business loans typically include the business's vintage, annual turnover, and profit, along with the credit score and repayment capacity of the borrower.
The interest rates for Bank of Baroda business loans are competitive and vary based on the loan amount, tenure, and the applicant's credit profile.
Yes, the Bank of Baroda is a public sector bank and is under the ownership of the Government of India.
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