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Facility
Eligibility
Other Conditions
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Baroda Business / Commercial Loan
Baroda Business/ Commercial Loans/ Overdraft is for the purpose of working capital requirements, for acquiring fixed assets.This loan is also applicable for non-fund based facilities i.e. Bank Guarantee and Letter of Credit.
Facility:
Overdraft, Loan, LC, Guarantee, AB/TR and Bill Finance
Eligibility:
Individuals, Proprietor, Partnership concern and Limited Companies etc. engaged in:
trading/ manufacturing/ of any commodity/ goods required by the community and trading/ manufacturing in them is not prohibited by law or opposed to public interest.
service industry
mining and quarrying
Real Estate
any other activities not prohibited by law or opposed to public interest.
Other Conditions:
Maximum working capital limit to be considered need based subject to sales trend of the 3 years, projected sales and advance value of securities.
Demand loan limit to be considered need based subject to margin contribution, repayment capacity and advance value of securities.
Non fund base facilities to be considered need based subject to advance value of securities.
Minimum margin contribution is 25%
Maximum repayment period depending on cash flow and repayment capacity acceptable to bank.
Assets charged to the bank to be insured comprehensively as per bank's norms.
For interest rate, please click at interest rate link in left column.
Terms and conditions apply
Fees and Charges
Establishment Fees
Upto $1,000.00
$50.00
From $1,001.00 to $2,500.00
$100.00
From $2,501.00 to $5,000.00
$100.00
From $5,001.00 to $10,000.00
$200.00
From $10,001.00 to $20,000.00
$300.00
From $20,001.00 to $200,000.00
1.00% of Loan Amount / OD Limit
Above $200,000.00
0.75% of Loan Amount / OD Limit
(Minimum $2,000.00)
Credit Service Fees
Upto $1,500.00
$5.00 per month
From $1,501.00 to $5,000.00
$15.00 per month
From $5,001.00 to $10,000.00
$20.00 per month
From $10,001.00 to $30,000.00
$35.00 per month
From $30,001.00 to $50,000.00
$70.00 per month
From $50,001.00 to $70,000.00
$100.00 per month
From $70,001.00 to $90,000.00
$120.00 per month
From $90,001.00 to $100,000.00
$140.00 per month
From $100,001.00 to $200,000.00
$240.00 per month
Above $200,000.00
0.125 % of Loan Amount / OD Limit per month
(Minimum $240.00 and Maximum 1,500.00)
Inspection Fees
Upto $1,500.00
Free
From $1,501.00 To $10,000.00
$50.00 per visit
From $10,001 To $25,000.00
$75.00 per visit
From $25,001.00 To $50,000.00
$100.00 per visit
From $50,001.00 To $100,000.00
$150.00 per visit
Above $100,000
$200.00 per visit
Security Document Handling Fees
Upto $1,000.00
Free
Above $1,000.00
One Document
$100.00
Additinal Document
$40.00 per document
(Solicitor charges + out of pocket expenses to be recoverred seperately)
Excess Fees Charges
Upto $5,000.00
$25.00 per visit
From $5,001 To $10,000.00
$50.00 per visit
From $10,001.00 To $25,000.00
$100.00 per visit
Above $25,000
1.00% of excess / Adhoc per occassion
Loan Arrear Fees
Upto $500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $501.00 To $1,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $1,001.00 To $2,500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $2,501.00 To $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Above $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Opinion Fees
Local
$25.00 + Out of Pocket Expenses
Overseas
$50.00 + Out of Poecket Expenses
Modification in Terms and Conditions
For each modification
$100.00
Stamping/Unstamping Charges
$15.00 + out of pocket expenses
Document Discharge Fees
$100.00 per document
Settlement Fees
$150.00 per settlement
Search Fees
$30.00 subsequent $10.00 per hour
Data Bureau Charges
$17.00
Cheque Book Charges
$2.00 per fifty leaves book plus stamp duty as applicable
(For Current and Overdraft Accounts)
Stop Payment Charges
$10. 00 per instrument
Duplicate Statement Fees
$5.00 per page Computer Printout
$7.50 per page statement
Cheque Holding Charges
$15.00 per instrument per working day
Dishonour Cheque Charges
Outward-$25 per instrument
Cash Handling Charges
Total cash deposit below $5000 (per day)
Nil
Total cash deposit $5000 & above (per day)
0.50% of total cash deposit
© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.