Expand Your Business With The Bank of Baroda Business Loan

India's second-largest bank by assets is Bank of Baroda, headquartered in Vadodara, Gujarat, with headquarters in Mumbai. Baroda Bank offers business loans for various business needs at competitive interest rates and fees. If you are an individual, owner or partnership, cooperative society, silver/gold jewelry merchant, you can Apply for a Bank of Baroda Business Loan, they provide the best business loans. 

Bank of Baroda Business Loan: Features and Benefits- 

• Funded Facilities: Bank of Baroda business loan provides financing and assistance to purchase business assets or cover business expenses. 
• Non-Funded Facilities: Banks may issue letters of credit or may act on behalf of customers as guarantees for suppliers and parts to purchase goods and services on a credit basis. 
• Option to use the credit in the form of a loan or an overdraft. 
• Quick Loan disbursal. 
• Low-interest rates. 
• Minimum processing fee and documentation. 

Bank of Baroda Business Loan: Interest rate and other charges- 

Particulars	Details
Interest rate	Starts from 10.50% to 16.35%
Processing fee	0.50% to 2% of the loan amount.
Loan tenure	Starts from 12 to 36 months.
Maximum Loan amount	Up to Rs. 5 Lakhs

 

Eligibility criteria for availing Bank of Baroda Business Loan: 

• The applicant’s Cibil score should be above 600. 
• The business unit should be profitable and must be in the line of business for a minimum period of 2 years. 
• The applicant’s age must be between 21 to 60 years. 
• The applicant’s income must be at least Rs. 25,000. 

Bank of Baroda Business Loan Documents Required: 

• PAN Card. 
• Address Proof of company and directors. 
• ID Proof of directors. 
• Last 6 months Bank statements.  
• Firm’s Balance sheet and profit and loss A/C. 
• Copy of memorandum, copy of Partnership Deed. 

Bank of Baroda Customer Care Number: 

Customer care number

1800 102 4455

 

How to Apply for Bank of Baroda Business Loan on Afinoz.com? 

• Check your eligibility for the loan. 
• Choose your Loan amount and Repayment tenure according to your need. 
• Upload and submit the required documents. 

Other loan products provided by Bank of Baroda: 

• Bank of Baroda Personal Loan 
• Bank of Baroda Education Loan 
• Bank of Baroda Home Loan. 

Conclusion: 

To Conclude, the Bank of Baroda business loan is the best business loan provider in the market with the best business loan interest rates. However, you must check other lenders’ services also. Apply for Business Loans from Afinoz.com, they will help you to get the best lender according to your requirements. 

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