Baroda Salary Linked Personal Loans
Salient Features: -
Eligibility:- Loans to regular & confirmed salaried class with minimum 3 years employment with the same organization and maintaining salary account with us to meet any personal needs.
Increased Loan Amount Multiple:- Up to 12 times of monthly income subject to minimum & maximum amount of AED 10,000 & AED 500,000 respectively.
Increase Repayment Period: - up to 48 months
Rate of Interest*: -6.00% p.a. (reducing balance).
Processing Charges *:- 1% upfront minimum AED 250/-
Prepayment charges *:- 2% of the amount of loan outstanding, minimum AED 250/-
Personal Data Form
Photocopy of passport, Visa and Labour Card/Work Permit
Copy of personal bank account statement
Original Salary Certificate
Undertaking from employer to transfer the salary and terminal benefit to our bank
Undertaking from borrower to keep his passport, labour card and his visa renewed from time to time during currency of loan
Undertaking from borrower authorizing us to receive terminal benefits from the employer.
Free personal accident insurance coverage for entire loan amount
Free ATM card for Savings Bank Account
Free remittance through Rapid Funds2India* subject to conditions
Free e-mail Statement & Free Internet-Banking for Savings Bank Account
Take over from other banks possible, subject to conditions
For Further details
- Retail Banking Shoppe
- Bank of Baroda
- Zonal Office, Bur Dubai, UAE
- Tel: 04-3136641
- Products also available at branches
- Dubai:04 3136602 Abu Dhabi: 02-6330244 Deira: 04-2287949 Sharjah: 06-5684231
- Al Ain: 03-7519880 Ras Al Khaimah: 07-2229293
*Terms: Rates and charges are subject to change from time to time
Download Application Form