Baroda Loans / Overdraft against Bank's own Deposits

No need to break your deposit if need funds for a short duration for any purpose other than speculation. We can finance against the security of the deposit.


Eligibility
Individuals and Business concern having deposits with Bank of Baroda at any branch in Fiji can avail the loan facility against the deposits.


Type of Facility:
Demand Loan / Overdraft


Amount of Loan :
Maximum 90% of Deposit


Margin / Contribution :
10%


Repayment 
The borrower has the option to repay Principal loan amount at the time of maturity of Term Deposit or fortnightly / monthly installments. If opted to repay principal at the time of maturity the interest would be repaid as and when applied. The total repayment period not to exceed in 7 years.


Other Information

• The Term Deposit Receipt against which loan is granted needs to be pledged with bank.
• In case of deposit is in the name of joint account holders, all joint account holder must discharge the receipt and give consent for Loan on Deposit.
• For further detail, please contact any branch.
• Terms and Conditions apply.

Fees and Service :
(Establishment Fees and Credit Service Fees are applicable only for:

1. Loan / OD against Bank's own Deposit to Third Party for loan amount of $5,000.00 and above.
2. Loan / OD against Bank's own Deposit for business purpose.)

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)

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 / Up stamping
Free

										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

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)

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 / Up stamping
Free

										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