bob Digi Udyam

What you get

• From above ₹10 lakh up to ₹2 crore
• Collateral free
• Choose cash credit, overdraft, term loan, demand loan, bank guarantee or letter of credit
• Assessed on your GST returns, bank statements and tax return, so little paperwork
• Processing fee concession on loans up to ₹50 lakh
• Open to existing and new Bank of Baroda customers, online at any time

Who can apply

• Businesses that are already running.
• Micro and small enterprises.
• The most on offer is ₹2 crore.
• Udyam registration is needed. It is free.
• Individuals, proprietorships, partnerships, LLPs and companies
• Needs 12 months of GSTR-3B returns, 12 months of current account statements and the latest income tax return

How to apply

1. Open the product page and follow the apply online link to the bank's digital loan portal
2. Share your GST, bank statement and income tax data online or upload the original PDFs
3. Finish the process within 90 days, after which the application lapses

In person, any Bank of Baroda branch can help, or call 1800 5700 or 1800 5000

In Kerala, online from anywhere in Kerala, with help at any Bank of Baroda branch. New customers can apply too

Documents to keep ready

• Valid mobile number and PAN
• Udyam number
• GSTR-3B returns for the last 12 months, as original PDFs or by sharing GST portal access
• Current account statements for the last 12 completed months
• Latest income tax return computation sheet
• Aadhaar linked mobile number for applicants who are not Bank of Baroda customers

Where we found this

• bob Digi Udyam, Bank of Baroda (external site) Official

An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.

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