Easier loans for one and all
The most flexible loan option for salaried individuals.
Baroda Salary Loan
Clean demand loan for meeting personal needs/expenses of Employees of Government/Public Sector undertaking & educational Institutions/ organizations funded by the government. Government Pensioners and Employees of the Bank’s corporate clients.
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Eligibility
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Interest
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Limit
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Purpose
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Repayment Period
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Target Group
- Individual operating satisfactory saving/current account with the bank.
- Salary/Pension of applicant be received through the account with the bank at least for 6 months.
- Government Pensioners and employees of corporate should have satisfactory conduct of account relationship with the bank.
4% over PLR with monthly rests
* Interest rate is subject to change from time to time. View latest Interest Rate.
** For further details, contact any of our Branches in Uganda
up to -15- times Net monthly salary whichever is less. Take home salary of applicant should not be less than 50% of total salary after the deduction of loan installments.
Loan can be availed for any personal needs such as medical treatment, investment, marriage, payment of school/college fees, repairs & maintenance/expansion or extension/ furnishing & modernization of existing house or any other unforeseen emergency, except for financial speculation of any type.
48 months
- Employees of Government/Public Sector undertaking & educational institutions/ organizations funded by the government.
- Government Pensioners and employees of corporate clients.
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