More Details on Personal Loan

1. High loan amounts.
2. Get a free for life credit card.
3. Salary transfer is a requirement

Main Benefits

1. Optional pre-approved award winning rewards credit card
2. Insurance Coverage in case of any unforeseen circumstances
3. Optional overdraft facility on your Current Account

Overview of features

1. The maximum loan amount is 20 times your salary amount or AED 1,000,000, which ever is lower. Finance repayment period is up to 48 months.
2. You require a minimum monthly salary of AED 8,000 to be eligible.
3. It is a requirement to transfer your salary to apply
4. The arrangement fee is 1% of loan amount [Min AED 500 & Max AED 2,500].
5. The early settlement fee is 1% of remaining balance.
6. The insurance fee is 1.5% of the finance amount.
7. The rate is calculated on a reducing balance. It varies depending on salary and whether company is listed with the bank. The interest rate starts at 6.25% and depends on your salary and length of service.
8. The reducing rate of this finance is 6.25% and the equivalent flat rate is 3.45%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.

* 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.