The bridge to success.

Loans with low processing charges from BoB.

  • Key Features
  • Eligibility
  • Charges

Overdraft/Loan Against Property : Key Features

Facility for any purpose other than speculation in the form of overdraft/loan

Amount of loan:

  • Salaried employees - up to 36 times of net monthly income

  • Self-employed - up to 3.5 times of net annual income (average of last 3 years)

  • Low processing charges

  • Online sanction

Overdraft/Loan Against Property : Eligibility

  • Individuals: Salaried employees, professional, self-employed, businessmen and others are eligible for this loan

  • Age: Minimum: 21 years, Maximum: 60 years

  • Income Criteria: Minimum gross annual income: AED 60,000

Overdraft/Loan Against Property : Charges

  • Rate of interest*: 12% p.a.

  • Repayment period:

  • Overdraft - 12 months

  • Loan - Maximum 84 months

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