Interest Rates

Rates and Charges

UGX Deposit

For less than UGX 10 Million

Sr. No. Tenor of the retail deposit Rates
1. 30 days to 90 days 4.00 %
2. 91 days to 180 days 5.00 %
3. 181 days to 270 days 6.00 %
4. 271 days to less than 1 year 7.00%
5. 1 year and above to less than 2 years 8.25 %
6. 2 years and above 8.25 %
-
Sr. No. Tenor Rates
1. 12 months 8.25 %
2. 24 months 8.50 %
3. 36 months 8.50 %

For UGX 10 Million and above to less than 500 Million

Sr. No. Tenor of the retail deposit Rates
1. 30 days to 90 days 4.50 %
2. 91 days to 180 days 5.25 %
3. 181 days to 270 days 6.50 %
4. 271 days to less than 1 year 7.50 %
5. 1 year and above to less than 2 years 8.75 %
6. 2 years and above 8.75 %
Flexi Deposit
Sr. No. Tenor Rates
1. 1 year 8.75 %
2. 2 years 8.75 %
3. 3 years 8.75 %

For UGX 500 Million and above

S. No. Tenor of the retail deposit Rates
1. 30 days to 90 days 4.50 %
2. 91 days to 180 days 6.00 %
3. 181 days to 270 days 7.00 %
4. 271 days to less than one year 8.00%
5. 1 year and above to less than 2 years 9.00 %
6. 2 years and above 9.00 %
Flexi Deposit
Sr. No. Tenor Rates
1. 1 year 9.00 %
2. 2 years 9.00 %
3. 3 years 9.00 %
USD Deposits

For less than USD 10000

Sr. No. Tenor of the retail deposit Rates
1. 30 days to 90 days 0.25 %
2. 91 days to 180 days 0.75 %
3. 181 days toless than 1 year 1.00 %
4. 1 year and above 1.75%

For USD 10000 and above to less than USD 50000

S.No. Tenor of the retail deposit Rates
1. 30 days to 90 days 1.00 %
2. 91 days to 180 days 1.50 %
3. 181 days to less than 1 year 1.75 %
4. 1 year and above 2.25 %
4. 2 years and above 2.50 %

For USD 50000 and Above

S. No. Teror of the retail deposit Rates
1. 30 days to 90 days 1.50 %
2. 91 days to 180 days 1.75 %
3. 181 days to less than 1 year 1.75 %
4. 1 year and above 2.50%
4. 2 years and above 2.75%

Card Rates on Deposits (GBP)

S. No. Period Revised Rates
1. 30 days to 90 days 0.10 %
2. 91 days to 180 days 0.10 %
3. 181 days to less than 1 year 0.15%
4. 1 year and above 0.20 %

Card Rates on Deposits (EURO)

S. No. Period Revised Rates
1. 30 days to 90 days 0.10 %
2. 91 days to 180 days 0.10 %
3. 181 days to less than 1 year 0.10%
4. 1 year and above 0.10 %

Advances

Prime Lending Rates

Details Interest Rate w.e.f. 10.02.2018
PLR for Borrowers with sanctioned limit upto Ugx 20.00 Million 20.00 % p.a.
PLR for Borrowers with sanctioned limit above Ugx 20.00 Million 20.00% p.a.
PLR for USD Loans 10.00% p.a.

Scheme Specific Rate of interest is as under.

Name of Scheme Rate of Interest
Baroda Salary Loan 4% over PLR
Baroda Multipurpose Loan 5% over PLR
Baroda Business Loan 5% over PLR
Baroda Education Loan PLR : for Loan uptp Ugx 5 million
PLR + 3% for Loans over Ugx 5 million
Baroda Asset Financing 2% over PLR
Baroda Traders Loan 2% over PLR
Baroda Housing Loan 2% below PLR

For all other Loans, the interest is charged as per the Credit Rating of the Account.

Interest is charged with monthly rests.


Charges for the credit facilities :

  • Interest at the sanctioned rate for the amount outstanding
  • Processing charges @ 1% for the entire limits (fund based and non fund based) for Ugx limits. Processing charges is also levied on the term loan on yearly basis, Processing charges @ 0.75% for USD Loan facilities.
  • Commission on Bank Guarantees / LCs is 0.75% per quarter and Part there of.In case of LC / BG backed by 100% cash collateral, the charges are 50% of the normal rates.
  • Apart from the above, legal charges, insurance charges (if any) etc., is borne by the borrower. These are on actual basis.

** For further details, contact any of our  branches in Uganda
*** Interest Rates on Deposits & Advances are subject to changes. For latest applicable rates, please contact any of our in Uganda.

Revised Rates w.e.f 01.10.2022

UGX Deposit

For Less than UGX 50 Million

Sr. No.Tenor of the retail depositExisting Rates w.e.f 15.10.2021Revised Rates w.e.f 01.10.2022
130 days to 90 days4.00%5.00%
291 days to 180 days5.00%5.50%
3181 days to 270 days6.00%6.50%
4271 days to less than 1 year7.00%7.50%
51 year and above to less than 2 years7.25%8.00%
62 years and above7.75%8.50%
    
7Baroda Festival Deposit 500 Days7.50%8.50%
8Baroda Festival Deposit 700 Days8.00%9.00%
Flexi Deposit   
912 months7.25%8.50%
1024 months7.75%9.00%
1136 months8.00%9.25%

For UGX 50 Million and above and less than UGX 500 Million

Sr. No.Tenor of the retail depositExisting Rates w.e.f 15.10.2021Revised Rates w.e.f 01.10.2022
130 days to 90 days4.50%5.50%
291 days to 180 days5.25%6.00%
3181 days to 270 days6.50%7.00%
4271 days to less than 1 year7.25%8.00%
51 year and above to less than 2 years7.75%8.50%
62 years and above8.75%9.00%
    
7Baroda Festival Deposit 500 Days8.00%9.00%
8baroda Festival Deposit 700 Days8.25%9.25%

Flexi Deposit

912 months7.75%8.75%
1024 months8.00%9.25%
1136 months8.25%9.50%

For UGX 50 Million and above and less than UGX 500 Million

Sr. No.Tenor of the retail depositExisting Rates w.e.f 15.10.2021Revised Rates w.e.f 01.10.2022
130 days to 90 days4.50%5.75%
291 days to 180 days5.50%6.75%
3181 days to 270 days6.75%7.75%
4271 days to less than one year7.50%8.50%
51 year and above to less than 2 years8.00%9.00%
62 years and above8.25%9.50%
    
7Baroda Festival Deposit 500 Days8.25%9.50%
8baroda Festival Deposit 700 Days8.50%9.75%

Flexi Deposit

912 months8.00%9.00%
1024 months8.25%9.50%
1136 months8.50%9.75%

For Less than USD 100,000

Sr. No.Tenor of the retail depositExisting Rates w.e.f 15.10.2021Revised Rates w.e.f 01.10.2022
130 days to 90 days0.50%1.00%
291 days to 180 days0.75%1.25%
3181 days to less than 1 year1.00%1.75%
41 year to less than 2 years1.50%2.25%
52 years and above2.00%2.50%

For USD 100,000 and above

Sr. No.Tenor of the retail depositExisting Rates w.e.f 15.10.2021Revised Rates w.e.f 01.10.2022
130 days to 90 days1.00%1.50%
291 days to 180 days1.00%1.75%
3181 days to less than 1 year1.25%2.25%
31 year and above1.75%2.75%
42 years and above2.25%3.00%

GBP Deposits
S. No.PeriodExisting RatesRevised Rates w.e.f 01.10.2022
130 days to 90 days0.00%0.25%
291 days to 180 days0.00%0.50%
3181 days to less than 1 year0.05%0.75%
41 year and above0.20%1.00%

EURO Deposits
S. No.PeriodExisting RatesRevised Rates w.e.f 01.10.2022
130 days to 90 days0.00%0.00%
291 days to 180 days0.00%0.00%
3181 days to less than 1 year0.50%0.05%
41 year and above0.10%0.10%

Advances

Prime Lending Rates

Details Interest Rate w.e.f. 01.08.2017Revised Rates w.e.f 01.10.2022
PLR for USD Loans 10.00% p.a.11.00% p.a.

Details Interest Rate w.e.f. 01.09.2020Revised Rates w.e.f 01.10.2022
PLR for UGX Loans 19.00% p.a.20.00% p.a.

Scheme Specific Rate of interest is as under.

Name of Scheme Rate of Interest
Baroda Salary Loan 4% over PLR
Baroda Multipurpose Loan 5% over PLR
Baroda Business Loan 5% over PLR
Baroda Education Loan "PLR : for Loan uptp Ugx 5 million
PLR + 3% for Loans over Ugx 5 million"
   
Baroda Asset Financing 2% over PLR
Baroda Traders Loan 2% over PLR
Baroda Housing Loan 2% below PLR
  

For all other Loans, the interest is charged as per the Credit Rating of the Account.

Interest is charged with monthly rests.


Charges for the credit facilities:

  • Interest at the sanctioned rate for the amount outstanding
  • Processing charges @ 1% for the entire limits (fund based and non-fund based) for Ugx limits. Processing charges is also levied on the term loan on yearly basis, processing charges @ 0.75% for USD Loan facilities.
  • Commission on Bank Guarantees / LCs is 0.75% per quarter and Part thereof. In case of LC / BG backed by 100% cash collateral, the charges are 50% of the normal rates.
  • Apart from the above, legal charges, insurance charges (if any) etc., is borne by the borrower. These are on actual basis.

** For further details, contact any of our branches in Uganda.
*** Interest Rates on Deposits & Advances are subject to changes. For latest applicable rates, please contact any of our branches in Uganda.

For all other Loans, the interest is charged as per the Credit Rating of the Account.

Interest is charged with monthly rests.


Charges for the credit facilities :

  • Interest at the sanctioned rate for the amount outstanding
  • Processing charges @ 1% for the entire limits (fund based and non-fund based) for Ugx limits. Processing charges is also levied on the term loan on yearly basis, processing charges @ 0.75% for USD Loan facilities.
  • Commission on Bank Guarantees / LCs is 0.75% per quarter and Part thereof. In case of LC / BG backed by 100% cash collateral, the charges are 50% of the normal rates.
  • Apart from the above, legal charges, insurance charges (if any) etc., is borne by the borrower. These are on actual basis.

** For further details, contact any of our branches in Uganda.
*** Interest Rates on Deposits & Advances are subject to changes. For latest applicable rates, please contact any of our branches in Uganda.

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