More Details on Personal Loan

A personal loan from Union National Bank that meets your House Rent requirements. Apply for the special loan where you can choose the terms and benefits yourself with instant approval, competitive rate of interest and flexible repayment periods.

Features

1. Finance repayment period is up to 12 months.
2. The minimum salary of the customer should be AED 10,000, if the customer’s employer is listed and in case the employer is not listed, the minimum salary is AED 20,000
3. It is not a requirement to transfer your salary to apply.
4. The processing fee is 1% of the total finance amount.
5. The early settlement fee is 1% of the outstanding amount.
6. The insurance fee is 0.5% of loan amount.
7. The rate is calculated on a reducing balance. It starts from 9% and will vary depending on customer profile.
8. The reducing rate of this finance is 9% and the equivalent flat rate is 4.96%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
9. Maximum Loan Amount: up to 200.000 AED
10. Fees and Charges: 1% of the loan amount

Documents Required

1. Finance repayment period is up to 12 months.
2. The minimum salary of the customer should be AED 10,000, if the customer’s employer is listed and in case the employer is not listed, the minimum salary is AED 20,000
3. It is not a requirement to transfer your salary to apply.
4. The processing fee is 1% of the total finance amount.
5. The early settlement fee is 1% of the outstanding amount.
6. The insurance fee is 0.5% of loan amount.
7. The rate is calculated on a reducing balance. It starts from 9% and will vary depending on customer profile.
8. The reducing rate of this finance is 9% and the equivalent flat rate is 4.96%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
9. Maximum Loan Amount: up to 200.000 AED
10. Fees and Charges: 1% of the loan amount

Eligibility

1. Earning at least AED 10,000 per month
2. A UAE National or UAE resident
3. At least 25 years old at time of application
4. No older than 60 at loan maturity
5. Employed at your current employer for at least 1 year at a UNB listed company, or 3 years at a non-UNB listed company

Additional Informations

1. Terms & conditions apply.
2. The bank reserves the right to change the interest rates, fees & tariffs, charges and terms & conditions at its own discretion, without any prior notice.