Bank of Baroda, India ’ s International Bank

Middle East


Retail Banking

Baroda Home Loan in UAE

Be the proud owner of your own dream home in UAE with Baroda Home Loan.

FAQs on Home Loans in UAE

Salient Features

  • Purpose of Loan:
  • For acquiring ready house / flat
  • For self construction of Villa
  • Reimbursement of acquisition cost for houses / flats fully constructed purchased within a period not exceeding 2 years, from own resources
  • For take over of loans from other banks where load is taken for residence for own occupation.
  • Amount of Loan:
  • Minimum up to AED 200,000/-

    Maximum up to AED 5,000,000/- , subject to

    a) Salaried Employees - up to 48 times of average monthly income of last 2 years

    b) Self-employed - up to 4 times average annual income of last 2 years


    Eligibility Criteria:
  • Residing in UAE for last 2 years
  • Having Business/Employment in UAE for last 2 years
  • Having satisfactory banking relationship with us for last 2 years
  • For Salaried Employees-monthly salary of at least AED 10,000/-
  • For Self Employed borrowers & businessmen - Annual income of atleast AED 200,000/-

  • Rate of Interest & Margin*:
  • Options I II
    Rate of Interest 5.50 % (3 % below base rate) 6.5 % (2 % below base rate)
    Margin 50% (of which cash margin may constitute 25 % in the form of FDR) & interest to be reset every year at the time of review 40 %

  • Repayment Period:
  • Up to a maximum period of 20 years


  • Processing Charges *:
  • 1% of loan amount with a max. of AED 25000/-


  • Prepayment Charges*:
  • a) If amount prepaid within a year from the date of saction - 3% of outstanding amount.
    b) If the amount is prepaid between 1 - 3 years date of saction - 2% outstanding amount.
    c) If the amount is prepaid between 3 - 5 years date of saction - 1% outstanding amount.
    d) If the amount is prepaid after 5 years from the date of saction - No penalty is to be levied.


    Additional Benefits:

  • Low Processing charges
  • Online sanction

  • For Further details

    *Terms: Rates and charges are subject to change from time to time

    Download Application Form

     
     Dear Customer If you have not still submitted your renewed KYC documents please submit it urgently to your base branch in order to avoid freezing of account........