Credit > Baroda Business/ Commercial Loans/ Overdraft

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
To be recovered in the month of February and August every year
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 Charges
$30.00 + out of pocket expenses

Document Discharge Fees
 $75.00 per document   
Settlement Fees
$150.00 per settlement

Search Fees
$30.00 subsequent $10.00 per hour
Data Bureau Charges
Not Applicable

                    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            
                    $2.00 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.