Baroda Salary Loan (BSL)
Type of facility
- 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.
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.
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.
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