Bank of Baroda Startup Loan
About This Loan
Bank of Baroda offers dedicated loan products for startups and MSMEs. Their MSME loans cover term loans for machinery/equipment, working capital, and composite loans for new enterprises. Special schemes available for DPIIT-recognized startups with relaxed collateral requirements.
Maximum Amount
₹50,00,000
Interest Rate
9.15% – 14% p.a. (linked to repo rate)
Tenure
Up to 7 years (term loan), 12 months renewable (working capital)
Collateral
Collateral-free up to ₹10 lakh under MUDRA; CGTMSE cover for higher amounts
Processing Fee
0.50% – 1% of loan amount
Eligibility
MSME/startup with valid Udyam Registration; DPIIT recognition preferred for startup loans; satisfactory banking history; viable project report.
Application Process
- 1Visit Bank of Baroda branch or apply via bankofbaroda.in
- 2Discuss loan requirement with MSME relationship manager
- 3Submit application with all required documents
- 4Bank conducts due diligence and site inspection
- 5Loan sanctioned by appropriate authority based on loan amount
Documents Required
- Loan application form
- KYC documents of promoters
- Certificate of Incorporation / Udyam Registration
- DPIIT Recognition Certificate (for startups)
- Detailed Project Report with financial projections
- Last 2-3 years financial statements (for existing units)
- Bank statements (12 months)
- Collateral documents (if applicable)
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.