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Loans to professionals to meet personal and general needs up to maximum amount of AED 250,000 with minimum loan amount being AED 50,000 |
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Salient Features |
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Rate of Interest*:
Starting from 12% per annum (reducing balance), subject
to change from time to time
Repayment Period:
upto 36 months equated installments
Processing
Changes*:
- 1%
of loan amount, minimum of AED 1,500
- Additional
0.40% - 0.50% of loan amount would be charged for
accidental insurance
- AED
10/- per cheque will be charged for other bank's
PDCs
Prepayment
Charges*:
2% of amount of loan outstanding
Documents
Required:
- Loan
Application
- Bank
Account statement of the firm/business enterprises
for last one year
- Copy
of valid license to run the Business Firm
- Copy
of passport & visa of applicant
- Copy
of Memorandum/Power of Attornet (to manage the business)
- Memorandum
of Association in case of LLC
- 2
years Audited balance sheet (if available)
- Copy
of Tenancy aggrement of the applicant
- Copy
of Professional Degree / Certificate
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Additional Benefits: |
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Take over of existing loan from other banks
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1 Free cheque book (50 leaves)
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Free ATM Card for Saving Bank
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Free remittance through Rapid Funds2India**
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Free e-mail Statement & Free Tele-Banking for
Savings Bank Account
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Online Sanction
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For
Further details |
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Retail Banking Shoppe
Bank of Baroda
Dubai main Branch, Bur Dubai, UAE
Tel: 04-3136603, 3534390,3540041
Email:
dubairetail@bankofbaroda-uae.ae
Products also available at branches
Abu Dhabi: 02-6330244 Deira:
04-2287949 Sharjah: 06-5684231
Al Ain: 03-7519880 Ras Al Khaimah:
07-2229293 |
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** Conditions
Apply |
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Apply for
Online Sanction |
Download
Application Form |
