Bank of Baroda Business Loan Interest Rate Calculator - Oct 2016

Bank of Baroda Business Loan Interest Rates

Last Updated 17th Oct 16

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Bank of Baroda Business Loan
Bank of Baroda Business Loan 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
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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

Bank of Baroda business loan interest rate is the rate which you pay over the loan amount that you have borrowed from the bank. 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 Business Loan Interest Rate depends upon
  • Bank of Baroda business 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

Bank of Baroda Business Loan Charges

Bank of Baroda Business Loan 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

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. Bank of Baroda business loan EMI 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 business 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?

  • EMI calculator of Bank of Baroda Business loan helps you to calculate your monthly EMI at different rate of interest
  • Bank of Baroda Business loan 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
Estimated EMI online by using Business Loan EMI Calculator.

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 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

Comparison of Bank of Baroda Business Loan with other banks

Bank of Baroda Business Loan in India

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

Contact Details of Bank of Baroda Business Loan 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
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Bank of Baroda Business Loan News - Oct 2016
25th Aug 16 Bank of Baroda total business takes Rs 90,000-cr hit in FY16
Bank of Baroda total business has reduced by Rs. 90,000 crore in FY16 due to shrinking loan portfolio and deposit base. Bank has seen a drop of 10.3 percent in credit growth and 7 percent in deposits. Total business of the bank declined to Rs 957,808 crore at the end of March 2016 against Rs. 1,045,625 crore a year ago. Total deposits of the bank reduced to Rs 574,038 crore in FY16 from Rs 617,560 crore in the previous fiscal while advances slipped to Rs 383,770 crore in FY16 against Rs. 428,065 crore a year ago.
27th Jul 16 Bank of Baroda partners with 7 Fintech companies
On its 109th Foundation Day, Bank of Baroda has taken an initiative to partner with fintech companies operating across different areas of SME Financing, Algorithmic Lending, Bill Discounting, Retail Lending and Wealth Management,. With this partnership the Bank would be able to launch new products, acquire new customers, and serve the existing customers on MUCH . Bank of Baroda has partnered with sevenFintech companies which will help the bank expanding our business faster and reach out and support the customers in a better way.
25th Jul 16 Bank of Baroda partners with CreditMantri for lending to first-time borrowers, SMEs
Bank of Baroda has partnered with Creditmantri , Chennai based fintech startup to process loan applications for first time credit seekers as well for those who do not have a credit score. With this partnership Bank of Baroda can also lend to SMEs on a real time basis. This will enable the bank to offer low ticket credit products to even first time borrowers and expand into newer segments without the need for large scale investments. It will also help the bank reduce credit processing turnaround times by cutting down on need for expensive physical verification processes and expand into new, digitally aware consumer segments where existing credit bureau data is limited.
22nd Jul 16 Bank of Baroda to expedite loan sanction process
Bank of Baroda has worked on the strategy to reduce the time taken for the approval and disbursement of home and auto loans. Bank of Baroda General Manager P Narasimha Rao said that the bank t has initiated efforts to reduce the turnaround time of home loan approvals to six days, through several digitalization measures. Bank is working on transforming the sanction of six days home loan to an hour and three days auto loan to minutes