Baroda Sanitation Scheme

Construction of toilets including refurbishment of household toilets.
Improvement of drinking water facilities, financing construction of water tank, bore well, water connection etc.

Individuals, JLGs and SHGs and person belonging to the weaker section with a banking relationship with our bank for a minimum period of 6 months.
The borrower must possess/own a household property, water facilities and toilet must be built within that property only.

Processing Charges- Nil

Age	Minimum 18 years Maximum up to 70 years as on the date of availing facility (if the age of land holder exceeds 70 years, in such case the legal heir to be made co-borrowers).
Quantum of Loan	Minimum: Rs. 20,000 Maximum: Rs. 1,00,000 (subject to project cost)
Margin	10%
Type of Facility	Term Loan
Security/ Documentation	Primary: Hypothecation of assets created out of loan amount Collateral in the form of Third-party guarantee DP Note Composite Hypothecation Agreement Letter of Installment with Acceleration Clause (LDOC-57) General Form of Guarantee (LDOC-33) Other undertakings, as applicable
Repayment Period	Repayable in 60 months (Monthly/quarterly/half-yearly instalment) including moratorium period of maximum 3 months
Interest Rates & Charges	One year MCLR + Strategic Premium+0.50%