Fulfil all your wishes with Baroda Smart OD


Apply anytime, anywhere. Get Sanction digitally

  • Benefits
  • Features
  • Eligibility
  • Document Required (Pre-requisites)
  • Fees & Charges
  • Most Important Terms and Conditions (MITC)

Baroda Smart OD : Features

To provide short-term working capital finance (overdraft) to GST registered MSMEs

Purpose of Loan:  Working Capital - Overdraft

Minimum Loan Amount: Above Rs. 50,000

Maximum Loan Amount: upto Rs. 25 Lakhs

Age criteria

Minimum: 21 years

Maximum age: 60 years

Baroda Smart OD : Eligibility

  • ETB Current Account holders (Individual /Sole proprietorship)

Baroda Smart OD : Document Required (Pre-requisites)

  • Current Account number and registered mobile number for OTP
  • Udyam Number and registered mobile number for OTP
  • GST Number and registered mobile number for OTP
  • Bank Statement

Baroda Smart OD : Fees & Charges

Overdraft Loan

 

Loan Limit Condition

 

Repo Linked lending Rate + Strategic Premium + Spread

 

Effective

 ROI

Rate of Interest
(
based on CIBIL Score and BRE score)

 

Loan amount above Rs.50,000/-

 

   

Min: BRLLR+SP+0.60%

Max: BRLLR+SP+0.85%

 

10.00% to

10.25%

 

 Unified Processing Charges

 

Unified Processing Charges at the time of Sanction/ Annual Review is 0.50% plus applicable GST to be collected by the branch.

 

For borrowers up to a maximum age of 35 years – 100% concession in processing charges is proposed.

Stamp duty

As per state stamp act

Click Here to know more.

Baroda Smart OD : Most Important Terms and Conditions (MITC)

Loan Limit

Minimum - Rs.0.50 Lakh

Maximum - Rs.25.00 Lakh

Tenure

12 months

Type of Facility

Overdraft facility (Unsecured)

Age

Age of Proprietor/Individual – Minimum: 21 Years, Maximum – 60 Years

Pre Closure Charges

NIL

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