EIBOR rate today - 1M, 3M, 6M & 12M (updated daily)
EIBOR - the Emirates Interbank Offered Rate - sets the pricing of most variable-rate mortgages and many loans in the UAE. Check today's rate for every tenor, from overnight to 12 months, and see what a move means for your monthly payment.
EIBOR in the UAE: what it means for your money
What is EIBOR?
EIBOR - the Emirates Interbank Offered Rate - is the benchmark interest rate at which banks in the UAE offer to lend dirhams to one another. It is published every business day by the Central Bank of the UAE (CBUAE) for six tenors: overnight, 1 week, 1 month, 3 months, 6 months and 12 months. Banks use it as the reference rate for variable-rate mortgages, personal loans and car loans priced in AED.
Who sets the EIBOR rate?
The Central Bank of the UAE administers and publishes EIBOR. Each business day a panel of UAE banks submits the rates at which they could borrow unsecured dirham funds; the highest and lowest contributions are discarded and the rest are averaged to produce the official fixing. The rates on this page follow those fixings - the official source is the CBUAE EIBOR page.
Why does EIBOR affect my mortgage?
Most variable-rate mortgages in the UAE are priced as EIBOR plus a fixed bank margin - and in the vast majority of contracts the reference is the 3 month EIBOR. If your margin is 1.50% and 3M EIBOR is 4.00%, you pay 5.50%. The margin never changes during the loan; EIBOR does. Every move you see on this page eventually shows up in your monthly payment.
Fixed or variable - which one am I on?
Most UAE mortgages start with a fixed rate for the first 1 to 5 years and then revert to a variable rate of EIBOR + margin for the remaining term. If you are still inside the fixed period, today's EIBOR does not change your payment yet - but it is a preview of what you will pay at reversion. If you are already on the variable rate, your payment is re-priced at each reset date.
How often does my payment change?
It depends on the tenor in your contract. With 3 month EIBOR the rate resets every quarter; with 1 month EIBOR, every month; with 6 month EIBOR, twice a year. At each reset the bank takes the current fixing, adds your margin and recalculates the installment. Shorter tenors react faster - in both directions.
Why does EIBOR follow US interest rates?
Because the dirham is pegged to the US dollar, the CBUAE moves its base rate in step with the US Federal Reserve. EIBOR builds on that base rate: when the Fed hikes, EIBOR rises within days; when the Fed cuts, EIBOR eases. That is why EIBOR climbed sharply in 2022-2023 during the Fed's hiking cycle and drifted down again once rate cuts began.
What about Islamic home finance?
Islamic banks do not charge interest, but the variable profit rate on most Sharia-compliant home finance (typically Ijara structures) is still benchmarked to EIBOR plus a profit margin - so it moves with the same rates you see on this page.
Official source and related tools
The official EIBOR fixings are published daily by the Central Bank of the UAE. To see what a rate move means in dirhams, use the simulator above - or run the full numbers in our mortgage calculator and personal loan calculator. The rates on this page are for information only, may lag the official source, and nothing here is financial advice.