This product is no longer available to new customers but will continue unaffected for use by existing customers until the account or facility matures or is closed.
Loan Products
Bank has set-up a specialised Central Processing Cell (CPC) at Group Control Office, London for sanction of retail as well as corporate loans.
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Objectives
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Key Features
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Corporate Loans
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Working Capital facility
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Non Fund based Services
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Forex business
The major objectives of Central Processing Cell (CPC) at Group Control Office, London are to
- Have focussed attention
- Carry out quality processing
- Offer minimum turnaround time
The Key Features of Central Processing Cell (CPC) at Group Control Office, London are
- Corporate loans
- Loans to Small and Medium Entrepreneurs for purchase of Capital equipments and for other purposes
- Finance against properties for investment/working capital purposes
- Loan/overdraft against our Bank’s own deposit, kept with any branch of Bank of Baroda. We also grant loan/overdraft against 3rd party deposits with our Bank.
- Scheme for financing Traders and small businesses
- Eligible for individuals, joint account holders, sole proprietary concerns, partnership firms, limited companies etc.
Corporate Loans
- Bank provides fund based and non-fund based facilities for Trade Finance, Project Finance, Working Capital, Acquisitions and Loans upto 7 years.
- Trade Finance - Buyers Credit, Suppliers Credit, Discounting of Bills/ Bills under LC, financing against Standby Letter of Credit etc.
- Multi-currency loan & overdraft facility in USD, GBP and Euro
- Cross border loan for business purpose
Securities required are
- 1st or 2nd Legal charge on land & building, plant & machinery and other tangible assets
- 1st debenture charge in case of Limited Companies
- Lien on fixed deposits/assignment on Life Insurance policies
- Bank may consider, on merit, the loans against intangible securities as well which includes personal guarantees, charge on the patent rights or goodwill
- Rate of interest :Competitive rate of interest linked to GBP SONIA (or) Bank of England Base Rate.
Working Capital facilities
- Eligible for sole proprietary concerns, partnership firms, Limited companies etc.
- Securities accepted are 1st or 2nd legal charge on tangible assets. Debentures, assignments, lien on fixed deposits etc. Additionally, bank may consider, on merit, the facility against intangible securities as well, which includes personal guarantees, charges on the patent rights or goodwill.
- Rate of interest : Competitive rate of interest linked to GBP SONIA (or) Bank of England Base Rate.
Facilities i.e. Overdraft, Bills Purchased, Bills Discounted etc are extended to meet working capital requirements
Fund & non-fund based facilities for Trade Finance, Project Finance & Acquisitions
- Opening of Letter of Credit
- Confirming Letter of Credit
- Negotiating Letter of Credit
- Issuance of Bank Guarantee
- Collection of Documentary Bills, Cheques, Traveller's Cheque & Postal Orders
Bank offers Foreign Exchange Services for purchase / sale in all tradable currencies
- Purchase of foreign currencies from Exporters
- Sale of foreign currencies to Importers
- Purchase of foreign currencies of Inward Remittances
- Sale of foreign currencies for Outward Remittances
- Forward purchase of future in streams of foreign currencies
- Forward sale of future outflow of foreign currencies.
- Cross currency swaps.
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