Building your dream is now easier.

Explore Bank of Baroda’s home loans.

  • Key Features
  • Eligibility
  • Charges
  • Warning Box
  • Home Loan products to suit every customers need

  • Low Interest Rates

  • Low Processing Fee

  • No Hidden Charges

  • 3rd year onwards interest rate is linked to Emirates Interbank Offered Rate (EIBOR) of the bank and is reset

  • Quarterly.

  • Interest charges on Daily Reducing Balance

  • Longer tenor up to 25 years

  • Moratorium period up to 06 months after the loan amount is disbursed.

  • Easy Top Up facility available

  • UAE Nationals / Expats / PIO / OCI residing in UAE for last 02 years

  • For constructing, purchasing or renovating a house for owner occupier or investment purpose

  • Age

    • Minimum – 21 years

    • Maximum- For salaried Class - 65- years at loan maturity

  • For Others – 70- years at loan maturity

  • Limit - Min. – AED 200000 Max -AED 60000000

Interest Rate and Charges

Interest Rates


Fixed plus Variable

First 2 Years (Fixed plus floating) – 4.00% p.a. fixed under reducing balance method

3rd Year onwards (Fixed plus floating) – 2.15% over 3 months EIBOR  with minimum of 4.50% p.a. under reducing balance method.

Variable from Day one

Fully Variable (Full tenor of loan) – 2.00%+03 Months EIBOR with min. 3.50% p.a. under reducing balance method

Applicable rate of interest in home loans w.e.f. 01.09.2022 & as under

Date of sanction Disbursement Date Applicable Rate of interest
On or Before 22.08.2022 Any Date Existing rate of interest as per sanction terms
23.08.2022 to 31.08.2022 Up to 15.09.2022 Existing rate of interest as per sanction terms
After 15.09.2022 Revised rate of interest (Necessary covenants to be incorporated in sanction terms)
On or after 01.09.2022 On or after 01.09.2022 Revised rate of interest

Processing Fees

New– 1.00% of loan amount or Max AED 25000/-

Takeover – 0.50% of loan amount or Max. AED 25000/-

Debt Management Tool/Guidelines as per Compliance of Consumer Protection Standards of CBUAE

- If you do not keep up your repayments/payments, you may lose your property
- You may have to pay penalties if you pay off a loan/financing early
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future

Frequently Asked Questions (FAQs)

  • Who can apply for a Home Loan?

    UAE Nationals, Indian Expatriate, PIO, OCI

  • What is the minimum and maximum age required to apply for a Home Loan?

    For salaried- Min. Age- 21 years Max. Age- 65 years

    For others – Min. Age 21 years Max. Age- 70 years

  • What is the maximum amount I can borrow under Home Loan?

    You can borrow max. Up to 30 Million, for a residential property

  • What is the Maximum Period up to which I can avail Home Loan?

    You can avail home loan up to a max. Period of 20 years

  • Do you offer early settlement of Home Loan?

    Yes you can repay your home loan before maturity of loan

  • What is the charge for early settlement?

    We charge 1.00% + VAT of the outstanding Home Loan amount up to a max. of AED 10,000 as an early settlement fee.

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