Bank of Baroda UAE Home Loans

Minimum Salary
0,00 د.إ

Description

Bank of Baroda UAE offers competitive home loans with fixed and variable rate structures—4.90% p.a. fixed (years 1–2) or 2.00% + 3-month EIBOR (min 4.50%) from year 3, or fully variable at 2.00% + 3-month EIBOR (min 3.50%)—financing up to AED 30 million, tenors up to 20 years, a 1.00% processing fee (capped AED 25,000), no early‐settlement fee, and flexible features including moratorium and top-up facilities.

Features

Eligibility Criteria

Nationality/Residency: UAE Nationals, Expatriates, PIO/OCI residing ≥2 years
Age: 21 – 65 years (salaried) or up to 70 years at maturity (self-employed)
Minimum Income: AED 10,000/month
Employment Tenure: ≥ 6 months (salaried); ≥ 3 years business history (self-employed)
Credit Profile: Clean UAE credit bureau record
Purpose: Purchase, construction, renovation, or takeover

Loan Amount, Tenor & LTV

Loan Amount: AED 200,000 – 30,000,000
Tenor: Up to 20 years
LTV: Up to 85% of property value (subject to Central Bank guidelines)
Moratorium: Up to 6 months payment holiday post-disbursement

Interest Rate Structures

Structure	Years 1–2	From Year 3 Onwards
Fixed-Variable Hybrid	4.90% p.a. fixed (reducing)	2.00% + 3M EIBOR, min 4.50% p.a., reset quarterly
Fully Variable	2.00% + 3M EIBOR, min 3.50% p.a.	Same as above

Detailed Schedule of Fees

Fee Type	Charge
Processing Fee (New)	1.00% of loan amount (min none; cap AED 25,000 + VAT)
Processing Fee (Takeover)	0.25% of loan amount (cap AED 10,000 + VAT)
Early Settlement	Nil
Partial Prepayment	Nil
Late Payment Penalty	1.00% per missed installment (donation basis) + legal costs if any
Valuation Fee	AED 3,150 per property
Moratorium Fee	Nil (up to 6 months)
Account Statement / NOC	AED 150 per document
Loan Rescheduling / Cancellation	AED 250 / AED 150
Legal & Enforcement Costs	Actual solicitor-and-client expenses

Documents Required

Passport, Emirates ID, residence visa copy
Salary certificate with last 3 months’ payslips (salaried)
Audited financials and trade license (self-employed)
Last 6 months’ bank statements; liability letter
Sales & Purchase Agreement; title deed/Oqood; valuation report
Property insurance proposal; life insurance evidence

Additional Info

No Early-Settlement or Prepayment Fees: Full flexibility to repay or sell without penalty.
Fixed-Variable Hybrid Option: Rate certainty initial 2 years, then competitive variable pricing.
Fully Variable Option: Start variable immediately for lower floor rate.
Generous Moratorium: Up to 6 months payment holiday post-disbursement.
Easy Top-Up Facility: Additional financing against same property without re-screening.
Competitive Processing Fees: Low cap and reduced takeover fee.
Long Tenors & High Amounts: Up to AED 30 million over 20 years for large-ticket financing.
Transparent Charges: No hidden fees; clear, capped schedule fosters budgeting.