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Baroda Loan/Overdraft Against Bank’s Own Deposit
LABOD
Eligibility
Type of Facility
Limit
Margin
Repayment
Other Information
Fees and Charges
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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:
Loan / OD against Bank's own Deposit to Third Party for loan amount of $5,000.00 and above.
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
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
$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
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)
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
$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.