Baroda Personal Loan / Soft Loan

All tax payer individuals who are having permanent employment for at least three years or registered with relevant authorities in case of Self Employed / small business.

Secured Loan - In case of loan for purchase of consumer durable, personal computer the loan can be given up to 70% of purchase price with a maximum amount of $10,000.00
Unsecured Loan- Loan for any other purpose for which no acceptable security is available, maximum $2,000.00.

Secured Loan - 30%
Unsecured Loan - Nil

Secured Loan - can be repaid in maximum 48 monthly installments
Unsecured Loan - can be repaid in maximum 24 monthly installments

Establishment Fees
Upto $1,000.00	$50.00
From $1,001.00 to $2,500.00	$100.00
From $2,501.00 to $5,000.00	$100.00
From $5,001.00 to $10,000.00	$200.00
From $10,001.00 to $20,000.00	$300.00
From $20,001.00 to $200,000.00	1.00% of Loan Amount / OD Limit
Above $200,000.00	0.75% of Loan Amount / OD Limit (Minimum $2,000.00)

Credit Fees
To be recoverred in the month of February and August every year
Irrespective of Amount	0.20% per month of remaining balance (Min. $10.00 per month)

Inspection Fees
Upto $1,500.00	Free
From $1,501.00 To $10,000.00	$50.00 per visit
From $10,001 To $25,000.00	$75.00 per visit
From $25,001.00 To $50,000.00	$100.00 per visit
From $50,001.00 To $100,000.00	$150.00 per visit
Above $100,000	$200.00 per visit

Security Document Handling Fees
Upto $1,000.00	Free
Above $1,000.00
One Document	$100.00
Additinal Document	$40.00 per document
(Solicitor charges + out of pocket expenses to be recoverred seperately)

Loan Arrear Fees
Upto $500.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
From $501.00 To $1,000.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
From $1,001.00 To $2,500.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
From $2,501.00 To $5,000.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
Above $5,000.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month

Opinion Fees
Local	$25.00 + Out of Pocket Expenses
Overseas	$50.00 + Out of Poecket Expenses

Modification in Terms and Conditions
For each modification	$100.00

Stamping/Unstamping Charges
$15.00 + out of pocket expenses

Document Discharge Fees
$100.00 per document

Settlement Fees
$150.00 per settlement

Search Fees
$30.00 subsequent $10.00 per hour

Data Bureau Charges
$17.00

Duplicate Statement Fees
$5.00 per page Computer Printout $7.50 per page statement

Establishment Fees
Upto $1,000.00	$50.00
From $1,001.00 to $2,500.00	$100.00
From $2,501.00 to $5,000.00	$100.00
From $5,001.00 to $10,000.00	$200.00
From $10,001.00 to $20,000.00	$300.00
From $20,001.00 to $200,000.00	1.00% of Loan Amount / OD Limit
Above $200,000.00	0.75% of Loan Amount / OD Limit (Minimum $2,000.00)

Credit Fees
To be recoverred in the month of February and August every year
Irrespective of Amount	0.20% per month of remaining balance (Min. $10.00 per month)

Inspection Fees
Upto $1,500.00	Free
From $1,501.00 To $10,000.00	$50.00 per visit
From $10,001 To $25,000.00	$75.00 per visit
From $25,001.00 To $50,000.00	$100.00 per visit
From $50,001.00 To $100,000.00	$150.00 per visit
Above $100,000	$200.00 per visit

Security Document Handling Fees
Upto $1,000.00	Free
Above $1,000.00
One Document	$100.00
Additinal Document	$40.00 per document
(Solicitor charges + out of pocket expenses to be recoverred seperately)

Loan Arrear Fees
Upto $500.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
From $501.00 To $1,000.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
From $1,001.00 To $2,500.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
From $2,501.00 To $5,000.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month
Above $5,000.00	2% p.a. additional interest on the overdue amount with minimum of $25.00 per month

Opinion Fees
Local	$25.00 + Out of Pocket Expenses
Overseas	$50.00 + Out of Poecket Expenses

Modification in Terms and Conditions
For each modification	$100.00

Stamping/Unstamping Charges
$15.00 + out of pocket expenses

Document Discharge Fees
$100.00 per document

Settlement Fees
$150.00 per settlement

Search Fees
$30.00 subsequent $10.00 per hour

Data Bureau Charges
$17.00

Duplicate Statement Fees
$5.00 per page Computer Printout $7.50 per page statement

• Supporting document for income is to be submitted along with application.
• comprehensive insurance to cover the item financed.
• Personal Guarantee from an individual acceptable to Bank
• Bill of Sale for Prime Security in favour of Bank wherever applicable.
• Repayment shall start from the subsequent month of loan disbursement as per agreed schedule.
• Terms and Conditions apply