Business, & agriculture finance

Baroda Loan to Business Correspondents

Baroda Loan to Business Correspondents offers financial assistance for purchasing computers, setting up offices, meeting working capital needs & acquiring vehicles to facilitate activities in rural areas.

Area-wise limitsRural/semi-urban: demand ₹75,000, OD ₹25,000, vehicle TL ₹50,000, total ₹1.50 lakh. Urban: ₹1.15 lakh, ₹35,000, ₹50,000, total ₹2 lakh. Metro: ₹1.50 lakh, ₹50,000, ₹50,000, total ₹2.50 lakh.Pricing and ASFInterest is linked to MCLR/BRLLR. Annual service fee is charged at the specified rate; currently 0.5% for facilities up to ₹5 lakh, pro-rated for the first and last year and in full for intervening years.Customer typeEligible micro, small and medium enterprises

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✓ Manually checked 11 Sept 2026 · active

Baroda Loan to Business Correspondents official banner

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Permitted usesPurchase of a computer and peripherals, office setup or renovation, working capital for cash management and day-to-day settlement-account transactions, and a vehicle for village visits while performing BC activities.View source

The official features section lists equipment, office, working-capital and vehicle uses.

Source: Baroda Loan to Business Correspondents
Page / section: Features
Accessed: 23 Aug 2026
Confidence: high

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Eligible correspondentsBusiness correspondents and kiosk operators with valid agreements with service providers engaged by Bank of Baroda for financial-inclusion banking services; age 18 to 60 years.View source

The official eligibility section publishes the agreement and age conditions.

Source: Baroda Loan to Business Correspondents
Page / section: Eligibility
Accessed: 23 Aug 2026
Confidence: high

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FacilitiesDemand loan or term loan, and overdraft for working capital. The demand loan is repayable over up to 36 EMIs; vehicle term loan up to 60 EMIs; overdraft is repayable on demand subject to annual review.View source

The official page lists , facility types and separate repayment periods.

Source: Baroda Loan to Business Correspondents
Page / section: Guarantee Scheme / Facility / Repayment Period
Accessed: 23 Aug 2026
Confidence: high

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The official table publishes the three location-based facility limits.

Source: Baroda Loan to Business Correspondents
Page / section: Most Important Terms and Conditions — Total Limit
Accessed: 23 Aug 2026
Confidence: high

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Margin10% of the total loan amount sanctioned.View source

The official margin section publishes a 10% margin.

Source: Baroda Loan to Business Correspondents
Page / section: Most Important Terms and Conditions — Margin
Accessed: 23 Aug 2026
Confidence: high

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Pricing and ASFInterest is linked to MCLR/BRLLR. Annual service fee is charged at the specified rate; currently 0.5% for facilities up to ₹5 lakh, pro-rated for the first and last year and in full for intervening years.View source

The official pricing section publishes the / link and current ASF treatment.

Source: Baroda Loan to Business Correspondents
Page / section: Interest Rates and Charges
Accessed: 23 Aug 2026
Confidence: high

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TenureDemand loan: maximum 36 EMIs. Vehicle term loan: maximum 60 EMIs. Overdraft: repayable on demand subject to annual review.View source

The official page publishes separate repayment rules for demand loan, overdraft and vehicle term loan.

Source: Baroda Loan to Business Correspondents — official Bank of Baroda page
Page / section: Repayment Period
Accessed: 30 Aug 2026
Confidence: high

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FeesAnnual service charge (ASF) is at the specified rate; the page states the current rate is 0.5% for facilities up to ₹5 lakh, charged pro rata in the first and last year and in full for intervening years. A separate processing fee is not published.View source

The official charges section publishes ASF of 0.5% up to ₹5 lakh and its pro-rata treatment.

Source: Baroda Loan to Business Correspondents — official Bank of Baroda page
Page / section: Interest Rates & Charges — Annual service charge
Accessed: 30 Aug 2026
Confidence: high

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Customer typeEligible micro, small and medium enterprisesView source

The manually reviewed product record states: “Eligible micro, small and medium enterprises”.

Source: Baroda Loan to Business Correspondents — official product page
Page / section: Published product metadata
Accessed: 15 Aug 2026
Confidence: high

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Area-based facility bandsPublished facility bands are defined for rural and semi-urban, urban, and metro areas; the corresponding total ceilings are ₹1,50,000, ₹2,00,000 and ₹2,50,000.View source

The official table sets different total facility ceilings for rural/semi-urban, urban and metro areas.

Source: Baroda Loan to Business Correspondents — Bank of Baroda
Page / section: Most Important Terms and Conditions — Total Limit table, lines 182–189
Accessed: 27 Sept 2026
Confidence: high

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Common commercial-loan documentsCommon checklist: Duly filled loan application form. Identity proof for the proprietor, partner or director (for a company): Aadhaar Card, Voter’s ID Card, Passport, Driving License, PAN Card, or signature identification from the present banker. Residence proof for the proprietor, partner or director (for a company): Aadhaar Card, recent telephone or electricity bill, property-tax receipt, Passport, or Voter’s ID Card. Proof of business address. Company Memorandum and Articles of Association, partnership deed, or equivalent constitution documents. Assets-and-liabilities statement of promoters and guarantors, with latest income-tax returns. Additional documents depend on activity and facility: SSI/MSME registration or Udyog Aadhaar Memorandum, if applicable (as worded in BOB’s current FAQ). Projected balance sheets for the next two years for working-capital limits, or for the period of the loan for term loans. Balance sheets for the last three years. Copies of lease deeds/title deeds for all properties offered as primary or collateral security. For companies: certificate of incorporation from the Registrar of Companies, CIN and directors’ DIN details. Bank-account details where applicable, including outstanding amounts on existing loans/limits. GSTN, if applicable. Other licences and documents required by the business entity/activity (the FAQ gives manufacturing, trading, export-import, IT and service businesses as examples).View source

The current official lists common identity, residence, business-address, constitution and financial documents, then activity/facility-dependent records. It separately says further licences and documents depend on the business entity/activity.

Source: Loans and Advances — Bank of Baroda commercial-loan documents
Page / section: — “What documents need to be submitted for a Commercial Loan?” lines 686–703; Common Documents lines 688–694; Additional documents based on activity undertaken lines 695–703
Accessed: 27 Sept 2026
Confidence: high

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Benefits and features

Purchase of a computer and peripherals, office setup or renovation, working capital for cash management and day-to-day settlement-account transactions, and a vehicle for village visits while performing activities.

Eligibility

Business correspondents and kiosk operators with valid agreements with service providers engaged by Bank of Baroda for financial-inclusion banking services
age 18 to 60 years.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Valid agreement with the Bank of Baroda service provider for business-correspondent activity

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Branch areaChoose column

Rural and semi-urban · Demand loan₹75,000seventy-five thousand rupees

This value is copied from Business Correspondent loan limits by branch area. Check the table notes before relying on it.

Source: Baroda Loan to Business Correspondents · Most Important Terms & Conditions — Total Limit; Margin Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 5 columnsBusiness Correspondent loan limits by branch areaThe page publishes separate demand-loan, working-capital overdraft and vehicle term-loan limits, plus an area-wise total.View tableHide table

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Business Correspondent loan limits by branch area
Branch area	Demand loan	(working capital)	Vehicle term loan	Total
Rural and semi-urban	₹75,000	₹25,000	₹50,000	₹1,50,000
Urban	₹1,15,000	₹35,000	₹50,000	₹2,00,000
Metro	₹1,50,000	₹50,000	₹50,000	₹2,50,000

The page separately states a 10% margin on the total sanctioned loan amount.

Baroda Loan to Business Correspondents · Most Important Terms & Conditions — Total Limit; Margin · accessed 26 Sept 2026Open official source ↗

Baroda Loan to Business Correspondents

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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