BoB · Business Loan
Bank of Baroda business loan, 2026.
Reviewed by Rushik Patel· Last reviewed:BoB business loan from 10.5% p.a., up to Rs 5 Cr over 7 years. These are indicative lender figures; current pricing, eligibility, and processing remain lender-controlled.
Interest Rate
10.5% – 14.75%
Max Amount
Rs 5 Cr
Max Tenure
7 Years
Processing Fee
1.00%
BoB Business Loan — Key Features
What makes BoB's business loan offering stand out.
Baroda Mudra Loan
MSME special schemes
CGTMSE coverage
Lower rates for Gujarat-based businesses
BoB Business Loan Rate Details
Complete breakdown of interest rate, fees, and terms.
| Interest Rate (p.a.) | 10.5% – 14.75% |
| Rate Type | Floating (linked to EBLR / RLLR) |
| Processing Fee | 1.00% (min Rs 5,000) |
| Maximum Loan Amount | Rs 5 Crore |
| Maximum Tenure | 7 Years |
| Prepayment Charges | 2-4% of outstanding (varies) |
| Late Payment Fee | 2% p.a. on overdue amount |
BoB Business Loan EMI Examples
Approximate monthly EMI at 10.5% p.a. interest rate.
| Loan Amount | Tenure | Monthly EMI |
|---|---|---|
| Rs 10,00,000 | 3 years | Rs 32,502 |
| Rs 25,00,000 | 5 years | Rs 53,735 |
| Rs 50,00,000 | 5 years | Rs 1,07,470 |
| Rs 1,00,00,000 | 7 years | Rs 1,68,607 |
EMI calculated at the listed 10.5% p.a. comparison rate on reducing balance. Actual EMI, fees, and tenure depend on the lender's current approval.
Use our EMI Calculator for custom amountsBoB Business Loan Eligibility
Who can apply for BoB's business loan.
Salaried Applicants
- Age: 21 – 60 years
- Min Income: Rs 30,000/month
- Experience: 2 years
- CIBIL Score: 700+
Self-Employed Applicants
- Age: 21 – 65 years
- Min Income: Rs 5 Lakhs/year turnover
- Business Vintage: 3 years
- CIBIL Score: 680+
Documents for BoB Business Loan
Documents you need to apply for BoB's business loan.
Salaried
- 1PAN Card & Aadhaar Card
- 2Last 6 months salary slips
- 3Last 2 years Form 16 / ITR
- 4Last 6 months bank statements
- 5Business plan / purpose of loan letter
- 6Passport-size photographs
Self-Employed
- 1PAN Card & Aadhaar Card
- 2Last 3 years ITR with computation
- 3Last 3 years audited financials
- 4Last 12 months bank statements
- 5GST returns (last 12 months)
- 6Business registration documents
- 7KYC of all directors / partners
BoB vs Other Banks — Business Loan Rate Comparison
How does BoB's rate compare with competitors?
| Bank | Rate (p.a.) | Max Amount |
|---|---|---|
| BoB (This bank) | 10.5% – 14.75% | Rs 5 Cr |
| SBI | 10.25% – 14.5% | Rs 5 Cr |
| PNB | 10.35% – 14.75% | Rs 5 Cr |
| HDFC | 10.5% – 15% | Rs 5 Cr |
| Canara | 10.5% – 14.5% | Rs 5 Cr |
| Union | 10.5% – 14.75% | Rs 5 Cr |
Other BoB Loan Products
Explore more loan products from Bank of Baroda.
BoB Business Loan — Frequently Asked Questions
Common questions about BoB's business loan product.
What is the minimum turnover required for a business loan?
Most banks require a minimum annual turnover of Rs 5-10 Lakhs for unsecured business loans. For larger amounts (above Rs 50 Lakhs), turnover of Rs 50 Lakhs to Rs 1 Crore is typically needed. MSME-registered businesses may get relaxed criteria.
Can I get a business loan without collateral?
Yes. Unsecured business loans up to Rs 50 Lakhs may be available from banks and NBFCs. Under the CGTMSE scheme, eligible loans may be sanctioned without collateral with a government guarantee. Review available lender information and confirm scheme eligibility and terms with the lender.
How fast can I get a business loan sanctioned?
Pre-approved offers from an existing bank relationship may be processed faster, while fresh business loans often take several working days. Timing varies with documentation, underwriting, and lender workflow; the lender controls sanction and disbursal timelines.
What types of business loans are available?
Term loans, working capital loans, overdraft/cash credit, equipment finance, MUDRA loans (up to Rs 10 Lakhs), MSME loans, invoice discounting, and trade finance are common options. Compare the product's purpose, eligibility, pricing, and repayment terms with the lender.
Are business loan interest payments tax deductible?
Yes. Interest paid on a business loan is fully deductible as a business expense under Section 37(1) of the Income Tax Act. This effectively reduces your tax liability and the real cost of borrowing.
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