[nilesh]

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Hii sir, I Wants to get the Information About the Baroda Overdraft against land and building Scheme of the Bank of Baroda ?

[prince karak]

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