• Salary Linked Personal Loan

Your trusted partner for dreams coming true.

Easy and flexible loan repayment options.

Salary Linked Personal Loan

For employees living in the UAE, Baroda Salary Linked Personal Loan provides quick access to personal finances. With easy eligibility criteria comes minimal documentation alongside flexible repayment structures, so Bank of Baroda guarantees effortless borrowing experience. Whether it is for travel, emergencies or any other personal requests – we have got your back at all times. Apply today for worry-free borrowing experiences.

  • Key Features
  • Eligibility
  • Charges
  • Warning Box

Salary Linked Personal Loan : Key Features

  • Higher limit up to AED 500,000
  • Repayment period up to 48 months
  • Competitive rate of interest
  • No Hidden Charges
  • Interest charges on Daily Reducing Balance

Salary Linked Personal Loan : Eligibility

  • Individuals salaried employees
  • Tenor – Max. 48 Months
  • Limit- Min. – AED 10,000 Max. AED 500,000

Salary Linked Personal Loan : Charges

Interest Rates

 

Monthly Income Range

Interest Rate
(Reducing Balance)

Up to  AED 10,000

10.00% p.a.

More than AED 10,000 to AED 25,000

9.00% p.a.

More than AED 25,000

8.00% p.a.

Processing Fees

1.00% of loan amount with min. AED 500/- plus VAT

Salary Linked Personal Loan : Warning Box

Debt Management Tool/Guidelines as per Compliance of Consumer Protection Standards of CBUAE

WARNING:
- If you do not keep up your repayments/payments, you may end up paying more in interest/profit
- You may have to pay penalties if you pay off a loan/financing early
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
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Frequently Asked Questions (FAQs)

  • What is a salary-linked personal loan?

    A salary-linked personal loan is a type of private loan where the borrower's income acts as collateral, and monthly loan installments are deducted automatically from the borrower's salary account.

  • Who is eligible for a salary-linked personal loan from Bank of Baroda UAE ?

    Eligibility for Bank of Baroda UAE's salary-linked personal loan:

    • Salaried employees working for UAE-based organisations
    • Monthly income of AED 2,500 or more

    Loan details:

    • Maximum loan limit: AED 500,000
    • Payback period: Up to 48 months
  • What is the interest rate for a salary-linked personal loan?

    You can avail Top up Loan maximum up to residual period of existing Home Loan.

    Monthly Income Range Interest Rate
    (Reducing Balance)
    Up to  AED 10,000 10.00% p.a.
    More than AED 10,000 to AED 25,000 9.00% p.a.
    More than AED 25,000 8.00% p.a.

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