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Baroda Personal Loan
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Limit
Margin / Contibution
Repayment
Additional Information
Fees and Charges
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Baroda Personal Loan / Soft Loan
Bank of Baroda offers Personal Loan for your personal needs like
Purchases of consumer durable like Television, Washing Machine, Refrigerator etc.
Purchase of Personal Computer
Meeting personal requirement like wedding, education, medical etc
Eligibility
All tax payer individuals who are having permanent employment for at least three years or registered with relevant authorities in case of Self Employed / small business.
Amount of loan
Secured Loan
- In case of loan for purchase of consumer durable, personal computer the loan can be given up to 70% of purchase price with a maximum amount of $10,000.00
Unsecured Loan
- Loan for any other purpose for which no acceptable security is available, maximum $2,000.00.
Margin / Contribution
Secured Loan - 30%
Unsecured Loan - Nil
Repayment Period
Secured Loan - can be repaid in maximum 48 monthly installments
Unsecured Loan - can be repaid in maximum 24 monthly installments
Other Information
Supporting document for income is to be submitted along with application.
comprehensive insurance to cover the item financed.
Personal Guarantee from an individual acceptable to Bank
Bill of Sale for Prime Security in favour of Bank wherever applicable.
Repayment shall start from the subsequent month of loan disbursement as per agreed schedule.
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 Fees
To be recoverred in the month of February and August every year
Irrespective of Amount
0.20% per month of remaining balance (Min. $10.00 per month)
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)
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
Duplicate Statement Fees
$5.00 per page Computer Printout
$7.50 per page statement
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 Fees
To be recoverred in the month of February and August every year
Irrespective of Amount
0.20% per month of remaining balance (Min. $10.00 per month)
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)
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
Duplicate Statement Fees
$5.00 per page Computer Printout
$7.50 per page statement
© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.