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RateFor regulatory MSME limits up to ₹25 lakh, pricing is BRLLR plus Strategic Premium (SP) with the published micro/small/medium spreads varying by limit band; above ₹25 lakh and up to ₹7.50 crore, the CMR and hard-security matrix ranges from BRLLR + 0.30% to BRLLR + SP + 7.45% for regulatory exposure and from MCLR + 0.45% to MCLR + SP + 7.45% for non-regulatory exposure. Bank of Baroda states BRLLR at 7.90% p.a. w.e.f. 6 December 2025; the final rate remains rating-, security- and limit-dependent.Customer typeMicro, small and medium enterprises in manufacturing or services, classified under the Government of India's revised MSME definition effective 1 July 2020.Processing feeThe current MSME tariff charges up to ₹25,000 as nil. Above ₹25,000, working-capital processing is risk-rating based at 0.20% (CMR 1–2), 0.30% (CMR 3–4), 0.35% (CMR 5), 0.40% (CMR 6) or 1.00% (CMR 7 and below), with caps of ₹35 lakh for priority-sector and ₹17.50 lakh for exporters; other advances have no cap. For term/DL/TL facilities, the tariff charges 1% up to ₹1 crore and 0.50%–2.00% above ₹1 crore by CMR, with a 0.10% uncapped term-loan review charge.

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✓ Manually checked 11 Sept 2026 · active

Offered byBank of Baroda

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

Key facts

What the official sources publish

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MSME classificationCurrent published thresholds: Micro up to ₹2.5 crore plant/machinery/equipment investment and ₹10 crore turnover; Small up to ₹25 crore investment and ₹100 crore turnover; Medium up to ₹125 crore investment and ₹500 crore turnover, excluding export sales from turnover.View source

The official page publishes the current micro/small/medium investment and turnover bands.

Source: Loan
Page / section: Overview — Enterprise classification
Accessed: 23 Aug 2026
Confidence: high

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Permitted usesFactory/land acquisition and building construction; plant, machinery, laboratory/testing equipment; working capital for raw materials, work-in-progress, finished goods and bill purchase/discounting; temporary additional raw-material assistance; and other eligible purposes.View source

The official benefits section lists the principal capital and working-capital uses.

Source: Loan
Page / section: Benefits
Accessed: 23 Aug 2026
Confidence: high

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The complete current rate page publishes limit-band + formulas, the /hard-security ranges above ₹25 lakh to ₹7.50 crore, and of 7.90% p.a. w.e.f. 6 December 2025.

Source: Loan Interest Rates — Bank of Baroda current rate matrix
Page / section: Regulatory/non-regulatory tables; context
Accessed: 11 Sept 2026
Confidence: high

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Customer typeMicro, small and medium enterprises in manufacturing or services, classified under the Government of India's revised MSME definition effective 1 July 2020.Effective 1 Jul 2020View source

The Overview says the Government notification revised criteria and the table applies to manufacturing and services enterprises.

Source: Loan
Page / section: Overview; Sector
Accessed: 30 Aug 2026
Confidence: high

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Turnover / investment classificationFor classification, Micro enterprises have plant/machinery/equipment investment up to ₹2.5 crore and turnover up to ₹10 crore; Small up to ₹25 crore investment and ₹100 crore turnover; Medium up to ₹125 crore investment and ₹500 crore turnover. Turnover excludes export sales.Effective 1 Jul 2020View source

The official table publishes investment and turnover ceilings for Micro, Small and Medium enterprises and notes that export sales are excluded from turnover.

Source: Loan
Page / section: Overview — classification table
Accessed: 30 Aug 2026
Confidence: high

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Processing feeThe current MSME tariff charges up to ₹25,000 as nil. Above ₹25,000, working-capital processing is risk-rating based at 0.20% (CMR 1–2), 0.30% (CMR 3–4), 0.35% (CMR 5), 0.40% (CMR 6) or 1.00% (CMR 7 and below), with caps of ₹35 lakh for priority-sector and ₹17.50 lakh for exporters; other advances have no cap. For term/DL/TL facilities, the tariff charges 1% up to ₹1 crore and 0.50%–2.00% above ₹1 crore by CMR, with a 0.10% uncapped term-loan review charge.Effective 3 May 2024View source

The complete annexure publishes the nil threshold, slabs, caps, term-loan 1% band and review charge; all charges are stated exclusive of .

Source: Service Charges — Bank of Baroda current advances annexure
Page / section: Annexure II — Advances (), rows 1(A) and 1(B)
Accessed: 11 Sept 2026
Confidence: high

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Facility typesMSME loans and advances supporting factory, land and building acquisition, plant and machinery, working capital, bill purchase or discounting, temporary raw-material needs and other eligible purposes.View source

The Benefits section lists each factory, equipment, working-capital, bill and temporary-assistance use case.

Source: Loan
Page / section: Benefits
Accessed: 30 Aug 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

Factory/land acquisition and building construction
plant, machinery, laboratory/testing equipment
working capital for raw materials, work-in-progress, finished goods and bill purchase/discounting
temporary additional raw-material assistance
and other eligible purposes.

Eligibility

Current published thresholds: Micro up to ₹2.5 crore plant/machinery/equipment investment and ₹10 crore turnover
Small up to ₹25 crore investment and ₹100 crore turnover
Medium up to ₹125 crore investment and ₹500 crore turnover, excluding export sales from turnover.

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

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Loan repayment estimate

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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₹20,063twenty thousand sixty-three rupees

Interest paid over the full loan₹23,15,232twenty-three lakh fifteen thousand two hundred thirty-two rupees

Everything you repay₹48,15,232forty-eight lakh fifteen thousand two hundred thirty-two 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.

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TableEnterprise classChoose column

Micro Enterprise · Investment in plant/machinery/equipmentUp to ₹2.5 crore

This value is copied from Loan — Government classification reproduced on the page. Check the table notes before relying on it.

Source: Loan · Overview — classification table 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 · 3 columnsMSME Loan — Government MSME classification reproduced on the pageComplete classification table shown in the official Overview section.View tableHide table