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BARODA Salary Loan (BSL)

Type of facility: Loan
Target Group:
  • Employees of Government/Public Sector undertaking & educational institutions/ organizations funded by the government.
  • Government Pensioners and employees of corporate clients.
  • 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.
Purpose: 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.
Limit: up to -10- 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.
Repayment Period: 36 months
Interest: * 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