EIBOR is on an upward trajectory this quarter and chances of it slowing down have mixed opinions. Commonly UAE banks consider 3 months or one month EIBOR rate to calculate variable rate adding back bank margin which varies between 1.5% to 2.5% and in some cases even higher depending on customer profile. Today's 3 months EOBIR is 3.952% which if added back with bank margin is around 5.5% at best. In comparison the current fixed rates offered by banks are between 3.75% to 4.5% again depending on the customer profile and whether you chose salary transfer or non-salary transfer loan. It looks like banks may not hold on these rates for long and there are high chances that rates may go up in Q4. Property prices are down and fixed rates are low for now. Should you hop on the Bus or miss it?