Bank of Baroda Abu Dhabi is an Indian Multinational Bank that provides banking and financial services. It merged with Vijaya Bank and Dena Bank in 2018 making it the second largest bank in private sector In India, in terms of assets. Hence, making it the safest bank to do all your transactions.

Bank branches, contact info, and swift codes

It has located itself in the heart of Abu Dhabi, making it very easily accessible by people. They have one branch in Abu Dhabi and two customer care centres in Musaffah. Their swift code being BARBAEADADH. You can contact them on the following

Name Description Fax Telephone E-mail
Mr. Sudeesh  Assistant GM 04-2286020 04-2600901 agm.deira@bankofbaroda-uae.ae
Mr. Mohit Senior Manager 04-2286020 04-2600902 deira@bankofbaroda-uae.ae
Mr. Prasanna Sr. Manager (credit ) 04-2286020 04-2600903 credit.deira@bankofbaroda-uae.ae

Customer Service Centres

EBSU Shabiya

Name Description Fax Telephone E-mail
Mr. Jithu  Customer Executive 02-5558490 02-5558491 ebsu.shabiya@bankofbaroda-uae.ae

EBSU Musaffah: Plot No. 3, Sector No. 2, Musaffah Industrial Area, Abu Dhabi, UAE

Name Description Fax Telephone E-mail
Mr. Serbjeet  Senior Customer Service Executive 02-5551849 02-5551843   EBSU.mussafah@bankofbaroda-uae.ae

Bank Personal loans

Their bank policies are straightforward and trustworthy. Let’s look into it in detail.

Features:

  • Eligibility – They provide loans to confirmed salary class who has been working with the same organization for more than 3 years. Also the salary account should be maintained with them.
  • Increased Loan Amount Multiple – 12 times of monthly income with a minimum and maximum amount of AED 10,000 to AED 500,000.
  • Repayment period can be increased up to 48 months.
  • Free ATM card for savings bank account.
  • Free accident insurance coverage for the entire loan amount.

Charges

Rate of Interest -6.00% per annum (Reducing Balance)
Processing charges – 1% upfront minimum AED 250/-
Pre-payment charges 2% of the amount of loan outstanding, minimum AED 250/-  

Further, you can apply now online by going to their website: https://www.bankofbarodauae.ae/accounts-details/9/Salary-Linked-Loan.html#parentVerticalTab4

Bank housing loans

Baroda bank offers the flexibility to acquire ready house from developers, choosing re-sale properties, and also take over from other banks.

Features

  • High Loan amount up to AED 20 Million
  • Loan Tenor up to 20 years
  • Available to UAE Nationals and Resident Expatriates (both Salaried & Self Employed)
  • Lowest processing fee with max of AED 25000/- only
  • Attractive Interest rate of 3.75% fixed for first 2 years under reducing balance method 
  • 3rd year onwards, 3.00% below base rate with minimum of 4.50% p.a

Charges:

Options 1 2
Rate of Interest 5.50 % (3 % below base rate) 6.5 % (2 % below base rate)
Margin Margin of 50% & interest to be reset every year at the time of review 40%

Pre-payment Charges

Year Amount
1 3% of outstanding amount. 
1 – 3 2% of outstanding amount. 
3 – 5 1% of outstanding amount. 
5 to year of sanction No penalty is to be levied.

You can apply online at: https://www.bankofbarodauae.ae/accounts-details/11/Home-Loans-In-UAE.html#parentVerticalTab4

Bank auto loans

Features:

  • Maximum loan amount of AED 1.250 Mn
  • Competitive ROI starting at 2.75% (flat) or 5.50% reducing balance
  • Flexible repayment options up to 48 months(new cars) & 36 months (used cars)
  • Holder of valid UAE Driving License.
  • Minimum Salary or Monthly income of AED.4000/-

Charges:

Rate of Interest 3% p.a. (flat rate) or 6.00% p.a. (reducing balance)
Processing charges 1% of loan amount
Pre-payment charges 1% of amount of loan outstanding , minimum AED 250

Alternative banks