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Salient Features |
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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 10 times of monthly income subject to minimum
& maximum amount of AED 10,000 & AED 250,000
respectively
Increase Repayment Period:
upto 48 months
Rate of Interest*:
Low interest rate starting from 11% p.a. (reducing
balance), subject to change from time to time
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Processing Charges *:
1%
upfront minimum AED 250
Prepayment
charges *:
2%
of the amount of loan outstanding, minimum AED 250
Documents
Required:
- Personal
Data Form
- Photocopy
of passport, Visa and Labour Card/Work Permit
- Copy
of personal bank account statement
- One
photograph
- 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 authorising us to receive terminal
benefits from the employer
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Additional
Benefits: |
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Free personal accident insurance coverage for entire
loan amount
- Free
ATM card for Savings Bank Account
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Free remittance through Rapid Funds2India* subject
to conditions
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Free e-mail Statement & Free Internet-Banking
for Savings Bank Account
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Online Sanction
- Take
over from other banks possible, subject to conditions
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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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*Terms:
Rates and charges are subject to change from time to time |
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Apply for
Online Sanction |
Download
Application Form |
