PRODUCT: Hassle Free Loan for purchasing new vehicle for road transport.
ELIGIBILITY: Individual, Proprietorship & Partnership Firms, Private Limited companies and Registered Societies engaged in trading/manufacturing business.
MAXIMUM AMOUNT : Kshs 5.00 Mn (Per Vehicle)
PERIOD : Maximum 60 monthly installments +interest as applicable, commencing from next month after disbursement.
RATE OF INTEREST: 1% over Base Rate (Present Base Rate is 17.00%) on reducing balance. (Subject to revision)
MARGIN: 20% (Minimum) >>>
BARODA BIASHARA LOAN
PRODUCT Hassle free loan/Overdraft for Traders, Business Units for development/Working capital requirement against Existing Security. ELIGIBILITY Business / Trading units established for a minimum period of -2- years. AMOUNT OF LOAN Minimum: Ksh 1.00 million Maximum: Ksh 30.00 million SECURITY Immovable Property/FDR/Government Bonds RATE OF INTEREST Upto Kshs 5.00 Mn Above Kshs 5.00 Mn 12 MONTHS AT BASE RATE AT BASE RATE MORE THAN 12 MONTHS AT BASE RATE BASE RATE+1% PERIOD >>>