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Bank of Baroda Business Loan Interest Rate Calculator - Feb 2017

Last Updated 19th Feb 2017

Bank of Baroda Business Loan Interest Rates

Self Employed
Interest Rate 14.10% - 14.10%
Lowest EMI Rs. 3,423 per lakh
Tenure From 12 months to 36 months
Loan Amount Min Rs. 20,000 and Max Rs. 200,000
Part Prepayment, Charges Allowed after 1 EMI's,
Early Foreclosure, Charges Allowed after 1 EMI's, Nil prepayment charges

Apply Business Loan @ 13.50%*

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Bank of Baroda Business Loan

Bank of Baroda gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from Bank of Baroda:

  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • Bank of Baroda has over 5,373 branches in India where you can avail service

Business Loan Bank of Baroda

Business loan interest rates offered by Bank of Baroda are fixed as well as floating

  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in Bank of Baroda benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in Bank of Baroda benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates

Bank of Baroda Interest Rate depends upon

  • Loan amount: Business loan rate in Bank of Baroda depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: Bank of Baroda offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: Bank of Baroda will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: Bank of Baroda offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Bank of Baroda allows prepayment of business loan after paying 1 EMI’s with prepayment charges

Bank of Baroda Business Loan EMI Calculator

Bank of Baroda Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by Bank of Baroda is 3,423 per lakh loan amount. Business loan EMI of Bank of Baroda depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 36 months business loan from Bank of Baroda at interest rate of 14.10% per annum, EMI will be Rs. 3,423 per Rs. one lakh loan amount. At interest rate of 14.10% for the same loan, the EMI will be Rs. 3,423
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 14.10% per annum, the EMI on Bank of Baroda business loan would range from Rs. 8,983 to Rs. 3,423 for loan tenure ranging from 12 to 36 months
  • Amount Borrowed: Bank of Baroda Loan EMI will be high if you apply for a high loan amount. For amount borrowed 20,000, the EMI at 14.10% for 36 months would be 685. Similarly for amount borrowed 200,000, the EMI at 14.10% for 36 months would be 6,845.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of Bank of Baroda helps you to calculate your monthly EMI at different rate of interest
  • Bank of Baroda EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Bank of Baroda Business Loan Eligibility Calculator

Business loan eligibility criteria Bank of Baroda

Eligibility of Business loan in Bank of Baroda relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are

  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. Bank of Baroda requires minimum business track record of 60 months. and bank statement for minimum 6 months will be required by Bank of Baroda
  • CIBIL Score: When checking eligibility for business loan, Bank of Baroda will look at the complete CIBIL report. Bank of Baroda will check your repayment history for all current and past loans and credit cards.

Business Loan Bank of Baroda documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Bank statement of last 6 months

Compare Bank of Baroda Business Loan

Bank of Baroda Business Loan in India

Bank of Baroda Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 0562-253567
Ahmedabad 1800-223-344
Ambala 1800-223-344
Anand 0265-2361852
Aurangabad 0832-224003
Bangalore 080-22224746
Bhilai 1800-223-344
Bhilwara 1800-102-4455
Bhiwadi 0832-224003
Bhopal 0755-556274
Bhubaneswar Cuttack 0674-2517435
Bikaner 1800-102-4455
Chandigarh 0172-701617
Chennai 044-23454249
Cochin 0484-4027903
Coimbatore 0422-2303735
Dehradun 05946-22178
Delhi 011-3319192
Durg 1800-223-344
Faridabad 0129-2412681
Gandhinagar 0265-2361852
Ghaziabad 0120-2790111
Goa 0832-224003
Greater Noida 011-3319192
Gurgaon 011-3319192
Guwahati 0361-2540475
Gwalior 1800-223-344
Hyderabad 1800-223-344
Indore 1800-223-344
Jabalpur 1800-223-344
Jaipur 0141-363056
Jalandhar 0172-701617
Jodhpur 0291-550084
Kanpur 0512-215655
Karnal 0172-701617
Kolhapur 0832-224003
Kolkata 1800-223-344
Kota 0291-550084
Kozhikode 0484-4027903
Lucknow 0522-206028
Ludhiana 0172-701617
Madurai 0422-2303735
Meerut 0562-253567
Mehsana 0265-2361852
Mohali Sas Nagar 0172-701617
Mumbai 022-22614706
Mussoorie 05946-22178
Nagpur 0712-527466
Nashik 0712-527466
Noida 011-3319192
Noida Extn. 011-3319192
Panipat 1800-223-344
Patna 0612-2452336
Pondicherry 1800-223-344
Pune 020-5466917
Raipur 0771-526081
Rajkot 0281-225686
Ranchi 0657-2426802
Rohtak 1800-223-344
Roorkee 05946-22178
Salem 0422-2303735
Shimla 1800-223-344
Sonepat 1800-223-344
Surat 0261-3462216
Trichy 0422-2303735
Udaipur 0294-522203
Vadodara 0265-2361852
Varanasi 0542-2366349
Vijaywada 040-23421603
Vizag 040-23421603

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