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Bank Of Baroda OD Account |
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Re: bank of baroda od account
Baroda Overdraft against land and building is a unique product for financing working capital requirements/long term margin requirements of SME borrowers against the security of unencumbered land and building belonging to the unit or Promoters of the unit, or, close relatives of the promoters. Purpose To provide hassle free credit to SME borrowers to meet working capital requirements/augment long term margin requirements. Limit Minimum : Rs. 10.00 lacs (for Rural/Semi-Urban/Urban/Metro branches) Maximum : Rs. 75.00 lacs (for Rural branches) Rs. 200.00 lacs (for Semi-urban branches) Rs. 500.00 lacs (for Urban & Metro branches) Margin 40% of the market value of property mortgaged (valuation of the property will be carried out by the valuer on banks approved panel/Government approved valuer) For more Information you may Contact to the Nearest Branch of the Bank of Baroda |
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