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Retail Banking Shoppe
Baroda Loan / Overdraft against Property (Mortgage loan)
Bank of Baroda offers Loan / Overdraft against property.
 
   Salient Features

Purpose Of Loan :


Facility for any purpose other than speculation in the form of overdraft / loan


Amount of Loan:


  • Minimum  AED 1,000,000/-
  • Maximum  AED 5,000,000/-

Eligibility Criteria:


Individuals:
Salaried employees, Professional, self employed, businessmen & others

Age:

Mininmum: 21 years

Maximum : 60 years 

      Income Criteria:

Minimum gross annual income: AED 60,000/-

Amount Of Loan:

Salaried Employees - up to 36 times of net monthly income

Self-employed - up to 3.5 times of net annual income (average of last 3 years)

Rate of Interest*:

Overdraft - 12% p.a.

Demand Loan - 6% p.a. (flat)

Repayment period:

Overdraft - 12 months

Loan - Maximum 84 months

Additional Benefits:

  • Low Processing charges
  • Online sanction

For Further details

Retail Banking Shoppe
Bank of Baroda
Dubai main Branch, Bur Dubai, UAE
Tel: 04-3540340, 3534390
Email:
dubairetail@bankofbaroda-uae.ae
Products also available at branches
Abudhabi: 02-6330244 Deira: 04-2287949 Sharjah: 06-5684231
Al Ain: 03-7519880 Ras Al Khaimah: 07-2229293

 

  Apply for Online Sanction

Download Application Form

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

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