Bank of Baroda Home Loan

  • Minimum Salary AED 10,000
  • Flat Rate
  • Reducing Rate 3.25%
  • Max. Term 25 Years
  • Salary Transfer No
  • Islamic Finance No


Baroda home Loans offer you the flexibility for acquiring ready to occupy house / flat from developers or by choosing re- sale properties and also takeover of from other banks.

Major Advantage: Fixed rate options also available, Higher finance amount

Points to Consider: Product available for UAE Nationals and Indian Nationals only

Rate Card

Reducing Balance Rate

  Fixed Period Rate Rate after Fixed Period
Salaried/Self Employed 3.25% fixed for 2 years 2.15% + Margin


* Kindly fill the form to apply directly with the Bank


Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 3.25% p.a.

Flat Rate: 1.84% p.a.

Valuation Fee: AED 2,625

Pre-Approval Fees: 0

Processing Fees: 0.525% of finance amount (Nil for Buyout Cases)

Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)

Partial Settlement Fees: 1% of settlement amount



Minimum Salary Requirement: AED 10,000

Minimum Stay in UAE Required: 2 Years

Salary Transfer: Not Compulsory

Minimum Down payment:

  • For first property (If property price < AED 5M): 20% for UAE national, 25% for Expats
  • For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
  • For second property: 35% for UAE national, 40% for Expats


Key Details:

Maximum Finance Amount: AED 18,000,000        

Islamic Finance: Not available

Maximum Term: 25 Years

Finance available for: Ready properties in Dubai, Abu Dhabi



Life Insurance: Not Mandatory

Property Insurance: Required

Documents Required

Common Documents:

  • Valid Passport, Resident Visa and Emirates ID Copy.
  • Proof of All Personal Ongoing Finance.
  • Rental Income Document (If any).                      
  • Property Documents (If Property is Finalized or Equity Release).
  • Liability Letter (In case of Buyout Finance only).
  • Relevant property documents.


Salaried Client Documents:

  • Latest Salary Certificate addressed to Bank of Baroda.   
  • Latest 6 Months Personal Bank Statement.
  • Six months Pay slips if there is variance in Salary.
  • Salary Transfer Letter (required after pre-approval).


Self-Employed Client Documents:

  • Valid Trade Company license.
  • MOA (Memorandum of Association) including all amendments.
  • Latest 6 Months Personal Bank Statement.
  • Latest 6 Months Company Bank Statement.
  • Audit Financials of last 2 years.
  • Offer Letter Copies of All Company Ongoing Finance (For Self Employed).

Additional Info

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Reducing rate is converted into flat rate as per 25 years calculation.
  • Legal charges of AED 2,500 + Vat applicable
  • Terms and conditions apply.

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Jessica Anderson, Finance Specialist is ready to help you!