More Details on Personal Loan

Benefits:
Take-Over Facility
If you have a loan with another bank but want to take advantage of our competitive terms, we can help you move your loan to us with our hassle-free process.
Top-Up Loan
If you need additional financing during your loan tenure, we offer you a top up as long as you've made regular repayments.
Instalment Deferment Option
We offer you the convenience of being able to postpone your monthly payments twice a year.
No Minimum Balance
We waive the minimum balance requirement on your transaction account during your loan period.
Convenient Banking
24-hour phone banking and mobile banking, that allows you to manage your money and complete your transactions anywhere in the world.

Features

1. Interest rates as low as 7.05% p.a. (reducing)
2. Access up to AED 500,000 at an attractive interest rate
3. Enjoy the convenience of monthly repayments up to 4 years
4. Get up to AED 2,500 cashback* post disbursal when you apply online

Required Documents

1. Valid Passport, UAE Residency Visa and valid Emirates ID (original)
2. Salary Transfer Letter
3. Salary Certificate (in case of Taking Over Loans)
4. 3-month Bank Statement
5. Liability Letter (in case of taking Over Loans)

Eligibility

1. Minimum Salary: AED 30, 000 per month
2. Minimum Age: 21 years
3. Maximum Age: 65 years or company retirement age at loan maturity whichever is lower.
4. Proof of Retirement age in company required for any case where age > 60 years at the time of loan maturity. This could be mentioned on Salary Transfer Letter, employment Contract or a Company Letter