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.
- To provide hassle free credit to SME borrowers to meet working capital requirements/augment long term margin requirements.
- All Enterprises, i.e. Micro, Small & Medium Enterprises, as defined under MSMED Act, 2006, and other entities with annual sales turnover up to Rs. 150/- crores and Real Estate/Non Real Estate projects where the project cost is Rs.50.00 Crores exclusively banking with our bank/new borrowers desirous of having sole banking arrangement with our bank.
- 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)