More Details on Personal Loan

1. High finance amounts.
2. Free postponement option.
3. It is a requirement to transfer your salary to apply.

Main Benefits

1. Flexible repayment periods, high finance amount, free postponement option.

Overview of features

1. This finance is sharia-compliant.
2. The maximum amount of finance offered is AED 5,000,000.
3. You require a minimum salary of AED 7,000 per month to be eligible.
4. It is a requirement to transfer your salary to apply.
5. The arrangement fee is 1% of the finance amount (min AED 500 and Max AED 2,500).
6. The early settlement fee is applied as per UAE Central Bank policy, which is 1% of the outstanding amount (principal + profit) to date, or AED 10,000, whichever is lower.
7. The profit rate for this finance starts from 5.25% p.a. (based on reducing balance).
8. The reducing rate of this finance is 5.25% and the equivalent flat rate is 2.85%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
9. This rate is calculated on a reducing balance.

* This product is subject to eligibility conditions and may not be available for all applicants. Eligibility conditions are set by the service provider and may be subject to change.