What Exactly is Eibor and How Can I Check These Rates

Holo Blog

Blog Author Profile Image

Holo Team

2023-01-12T18:27:51.147Z


The Emirates Interbank Offered Rate (EIBOR), also abbreviated as EBOR, is a daily reference rate published by the UAE Central Bank based on the average interest rates at which UAE banks offer to lend unsecured funds to other banks in the United Arab Emirates dirham wholesale money market (or interbank market).

Calculation and Tenor

As of 2013, the following tenors are calculated:

  • Overnight
  • 1 Week
  • 1 Month
  • 3 Months
  • 6 Months
  • 12 Months

The latest Eibor rates and trends can be checked at the Central Bank of the UAE website on this link - https://www.centralbank.ae/en/forex-eibor/eibor-rates/

This blog is for educational purposes, but everyone's case is unique, and local guidelines and regulations may change. Our mortgage advisors can help you with any question you may have and have the latest advice. Get in touch.