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Bank of Baroda Business Loan in Ahmedabad

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Empower your business ambitions with Bank of Baroda's flexible and affordable business loan offerings in Ahmedabad. Benefit from competitive interest rates starting at 12.00% per annum, loan amounts up to Rs 1 Crore, and repayment tenures extending to 5 years. Whether you need funds for working capital, business expansion, or asset acquisition, Bank of Baroda offers customized solutions to meet your requirements.

Bank of Baroda Business Loan Highlights

Interest Rate Starting from 12.00%
Loan Amount Up to Rs 1 Crore
Loan Tenure Up to 5 years
Processing Charges 1%-2% of the loan amount

Bank of Baroda Business Loan Eligibility

Age

  • Minimum: 21 years
  • Maximum: 65 years at loan maturity

Business Vintage

  • Minimum of 2 years of business continuity in the current field

Income

  • Minimum annual turnover of Rs 10 Lakhs

Credit Score

  • A credit score of 700 or higher is preferred for quick approvals

Bank of Baroda Business Loan EMI Calculator

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FAQ

Frequently Asked Questions

  • 1. What types of business loans does Bank of Baroda offer?

    Bank of Baroda offers various business loans, including working capital loans, term loans, loans for MSMEs, export financing, and loans for business expansion or purchasing equipment.

  • 2. What is the eligibility criteria for a business loan from Bank of Baroda?

    Eligibility criteria include factors such as the type of business, annual turnover, credit history, years of operation, and financial stability. Both self-employed professionals and business entities can apply.

  • 3. What documents are required for applying for a Bank of Baroda business loan?

    Required documents include a completed loan application, KYC documents, proof of business existence, financial statements, tax returns, and any other documents requested by the bank.

  • 4. What is the interest rate for business loans at Bank of Baroda?

    The interest rates on business loans at Bank of Baroda vary based on the loan amount, tenure, and the borrower's credit profile. The bank offers competitive rates tailored to different business needs.

  • 5. How can I apply for a Bank of Baroda business loan?

    You can apply for a Bank of Baroda business loan by visiting a nearby branch, applying online through their official website, or contacting customer support for assistance.