Minimum Salary
6.000,00 د.إ
Flat Rate
3.69%
Reducing Rate
AED 5.99%
Maximum Term
5 Years
Monthly Payment
AED 18,000
Bank of Baroda UAE provides both flat-rate and reducing-balance auto loans, with flat rates declining from 3.75%–3.25% p.a. and reducing rates from 7.50%–6.50% p.a., financing up to 80% of new vehicle cost (max AED 1,250,000) and 70% of used vehicle value (max AED 125,000), tenures up to 48 months for new cars and 36 months for used cars, a simple fee structure, and swift approvals.
| Loan Amount Band | Flat Rate p.a. | Reducing Balance Rate p.a. | Max. Loan Amount | Tenure |
| Up to AED 200,000 | 3.75% | 7.50% | New: AED 200,000 | New: up to 48 months |
| AED 200,001–1,000,000 | 3.50% | 7.00% | New max: AED 1,000,000 | Used: up to 36 months |
| Above AED 1,000,000 | 3.25% | 6.50% | New max: AED 1,250,000 | |
| Used Vehicles (all bands) | Aligned to bandwise | Aligned to bandwise | Used max: AED 125,000 (70% LTV) |
Detailed Schedule of Fees & Charges
| Fee Type | Charge |
| Processing Fee | 1% of loan amount – min AED 500, max AED 2,500 (non-refundable) |
| Early/Partial/Final Settlement Fee | 1% of outstanding principal – capped at AED 10,000 + VAT |
| Late Payment Penalty | AED 200 per missed instalment |
| Instalment Deferment | AED 200 per deferment (subject to approval) |
| Post-Dated Cheque Replacement | AED 100 per cheque |
| Cooling-Off Period | 15 calendar days – full refund of processing fee on cancellation |
| NOC for RTA Registration | Free |
| Vehicle Mortgage Release (post-settlement) | Free (RTA fees apply separately) |
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