Bank of Baroda Business Loan 2023 । Apply । Interest Rates

January 10, 2023January 10, 2023 Ronak A2 0 Comments bank of baroda business loan, bob business loan, bob business loan documents, bob interest rate

Friends, do you also dream that one day you can start your own business ? If you are reading this post then definitely you also have a dream to start your own business, if so then you have come to the right place. After reading today’s post, you will definitely be able to fulfill your dream of starting your own business. What are the advantages of business loan

Friends, although there are many banks that give business loans, but today the bank we are going to talk about is called Bank of Baroda.

Friends, today we will know how you can apply for business loan from Bank of Baroda, how much interest will be charged on taking business loan from Bank of Baroda, how long will you get business loan from Bank of Baroda and how much more. We will know in this post.

interest rate	8.35 to 14.10% p.a.
loan amount	1 lakh to 50 lakh
qualifying age	21 years to 60 years
loan tenure	12 months to 36 months

Bank of Baroda Business Loan Benefits

Attractive interest rates : The bank offers business loans at attractive and low interest rates.
Loans for Different Business Sectors : Keeping in mind the varied needs of different businesses, the bank offers business loans to MSMEs, corporates and businesses trading internationally.
Different schemes for different businesses : Every business is not the same and to meet the financial requirements of each, the bank offers different business loan schemes.
Easy Application Process : The bank believes that businesses are time sensitive, and hence business loan application is a very easy process.
Quick loan disbursal : Since the bank has an instant application process and minimal documentation, it takes no time for the loan to be approved and money disbursed into your bank accounts

Bob Business Loan Eligibility

Friends, to take a loan, you must have the following written eligibility.

The age of the applicant should be between 18 to 60 years.
The civil score of the applicant must be at least 750 to take a loan.
The applicant should have the necessary documents.

What are the Bank of Baroda Business Loan Interest Rates

The interest rate on Bank of Baroda Business Loan depends on several factors.

Credit Score : If you have a high credit score or CIBIL score, then you will have an advantage while deciding the business loan interest rates. Due to poor credit score, your loan application may also get rejected. Keep your credit score over 700 to make your application easier and get lower interest rates.

Loan amount : You can get a business loan at a lower interest rate if you apply for a larger loan amount. Along with this, EMI can also be reduced due to this.

Business stability : Your business should be stable and have significant business experience and low risk to get a low interest rate from the bank and to make a profit.

Bob Business Loan Documents

Identity Proof: PAN Card, Aadhaar Card, Voter ID Card, Passport.
Address Proof: Aadhar Card, PAN Card, Passport, Bank Statement, Rent Agreement etc.
Business Proof: PAN Card, GSTIN, Registration Certificate, Partnership Agreement, etc.
2 years ITR
2 photos
project report
Last 6 months bank statement

How to apply business loan from Bank of Baroda

Bank of Baroda Business Loan Online Apply

First of all, you have to login to the website of Bank Of Baroda.
After this, you have to select the option of business loan and click on apply online.
After that you have to enter all your information. For example – your branch name, name, phone number. Etcetera
After that you have to check your eligibility whether you are eligible for the loan or not.
After that if you are eligible for the loan then you will get the loan amount in your account.

Offcial Website : www.bankofbaroda.in

Bank of Baroda Business Loan Interest Rates

Rate of interest	8% -10% per annum
loan amount	50 lakhs
repayment term	up to 120 months

Bank of Baroda Business Loan calculator

Bank Of Baroda Customer Care

Customers can contact Bank of Baroda’s customer care through any of the following means :

Toll-Free Number : 1800-258-4455 / 1800-102-4455
Branch Visit : You can visit the nearest Bank of Baroda branch to get answers to your queries

FAQs : Business Loan

1. What is the interest rate on Bank of Baroda Business Loan?
A- The business loan interest rate offered by Bank of Baroda ranges from 8.35% to 14.10% per annum.

2. What is the maximum repayment tenure for Business Loan in Bank of Baroda?
A- The maximum repayment tenure offered by Bank of Baroda is up to 10 years.

3. How much business loan can I get from Bank of Baroda?
A- Up to 2 Crore can be availed under “Loan Against Rent Available” offered by Bank of Baroda

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