Bank of Baroda UAE Mortgage Review UAE 2026
Bank of Baroda UAE provides mortgage solutions in the UAE with competitive rates and flexible terms.
BOB Mortgage Rates (2026)
| Rate Type | Rate | Notes |
|---|---|---|
| Fixed Rate (2-year) | From 5.10% p.a. | Effective January 2023; for UAE residents |
| Variable Rate (EIBOR-linked) | EIBOR + 2.00% (min floor 4.50%) | Follow-on rate |
BOB Fees & Terms
| Fee / Term | Details |
|---|---|
| Processing Fee | 1.0% of loan amount (min AED 5,000) |
| Early Settlement Fee | 1.0% of outstanding balance (max AED 10,000) |
| Maximum Loan Tenure | 25 years |
| Conventional Mortgage Available | Yes |
| Islamic / Sharia Finance Available | No |
BOB Mortgage Eligibility
| Criteria | Requirement |
|---|---|
| Minimum monthly salary | AED 10,000/- (Joint applicants - AED 10k each) 12 salary credits to be witnessed Eligibility is based on last 6 months average salary |
| Minimum employment tenure | 2 years continous residence visa in UAE (6 months & confirmed in present employment + previous experience letter) |
| Maximum age at maturity | 65 years |
| Maximum loan tenure | 25 years |
| Minimum loan amount | AED 200,000 |
| Maximum loan amount | AED 60,000,000/- Expats: 72 times of average monthly income of recent 6 months UAE Nationals: 84 times of average monthly income of recent 6 months |
Best For
Borrowers seeking Bank of Baroda UAE mortgage products in UAE
About Bank of Baroda UAE
| Detail | Information |
|---|---|
| Established | 1974 (in UAE) |
| Headquartered | Mumbai, India (UAE branch) |
| Total Assets | USD 10B+ in UAE |
| Product Type | Conventional |
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Established
1974
Headquartered
Mumbai, India (UAE branch)
Total Assets
USD 10B+ in UAE
BOB Mortgage Rates (2026)
Rate Type
Rate
Fixed Rate (2-year)
Effective January 2023; for UAE residents
From 5.10% p.a.
Variable Rate (EIBOR-linked)
Follow-on rate
EIBOR + 2.00% (min floor 4.50%)
Rates are indicative as of 2026 and subject to individual bank credit assessment. Contact Mortigo for personalised rate quotes.
Pros & Cons
Pros
Cons
BOB Mortgage FAQs
Eligibility Criteria
Minimum monthly salaryAED 10,000/- (Joint applicants - AED 10k each)
12 salary credits to be witnessed
Eligibility is based on last 6 months average salary
Minimum employment tenure2 years continous residence visa in UAE
(6 months & confirmed in present employment + previous experience letter)
Maximum age at maturity65 years
Maximum loan tenure25 years
Minimum loan amountAED 200,000
Maximum loan amountAED 60,000,000/-
Expats: 72 times of average monthly income of recent 6 months
UAE Nationals: 84 times of average monthly income of recent 6 months
Best For
Borrowers seeking Bank of Baroda UAE mortgage products in UAE