SME Overdraft against Land and Building

Overdraft against Land & Building: Let your Property help your Business.

Manufacturing and service centric enterprises, from time to time happen to need an extra push to exceed expectations. Now there is a simple way to meet your working capital requirements – The SME Overdraft against Land and Building.

This easy accessible overdraft facility lets you withdraw the amount you require and payback on your terms within the tenure. According you a margin of 40%, a world of possibilities would be open to you.

Bank of Baroda is giving this over draft facility -

Here are the some essential features of this overdraft facility from Bank of Baroda.

- Loans ranging from Rs.15 Lac to Rs.200 Lac; up to Rs.50 Lac in case of rural, semi-urban branches

- Loan tenure of 12 months

- Security in form of factory land, building or any other unencumbered property in the name of unit/proprietor/partner/promoter.

- Interest rate: 0.75% below BPLR for small enterprises and 0.50% below BPLR for medium enterprises.

- Approvals based on Nayak committee recommendations

Therefore, stepping on to a higher ground no longer needs to be a dream. They are within reach and very much possible. Here are the eligibility criteria that will enable you to avail the SME Overdraft against Land & Building:

- The firm needs to be a proprietorship, partnership firm, private/public limited company in SME sector

- The firm should have been established in the line of activity for a minimum period of 2 years.

- Personal guarantees from all promoters and directors

For more details call Toll Free No: 1800 22 4447