Building your dream is now easier.

Explore Bank of Baroda’s home loans.

  • Key Features
  • Eligibility
  • Charges
  • Warning Box

Home Loans : Key Features

  • 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

Home Loans : Eligibility

  • 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

Home Loans : Charges

Interest Rate and Charges

Interest Rates


Fixed plus Variable

First 2 Years –5.10%p.a. fixed( reducing balance)

3rd Year onwards –2.00% over 3 months EIBOR with minimum of 4.50%

Variable from Day one

2.00% plus 03 Months EIBOR with minimum of 3.50% p.a.

Processing Fees

New– 1.00% of loan amount with a ceiling of AED 25,000/- plus applicable VAT

Takeover - 0.25% of the loan amount with a ceiling of AED 10,000/- plus applicable VAT

Home Loans : Warning Box

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)

  • What is a home loan?

    A home loan is a financial product that enables individuals to acquire funds for purchasing or constructing a house. Over time, the loan is repaid with interest, and the property serves as collateral for the loan

  • What is the eligibility criteria for a home loan?

    Eligibility requirements for a house loan include

    • Regular source of income
    • UAE residency
    • Strong credit history
    • Minimum age of 21
  • What are the documents required for a home loan application?

    Documents required for a house loan application

    • Identity and address proof
    • Evidence of income
    • Property documentation (sale agreement, property title deed)
    • Bank statements for the previous six months
    • Additional documents may be required based on the loan scheme and applicant's profile
  • 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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