More Details on Personal Loan

Short Details

1. High Finance Amounts
2. 24-hour Approvals
3. Free Credit Card with no annual fees for the first year
4. Minimum Salary Required

MAIN BENEFITS

1. Free Credit Card with no annual fees for the first year
2. 24-hour Approvals
3. High Finance Amounts
4. Financing available to salaried customers
5. Certificate of Takaful / Insurance Cover available

OVERVIEW OF FEATURES

1. This finance is sharia-compliant.
2. High finance amount of up to 2 million for Expats and 4 million for UAE Nationals.Flexible, extended repayment periods of up to 4 years
3. If you transfer your salary then the minimum salary requirement is AED 5,000 and if you don't transfer your salary then the minimum salary requirement is AED 10,000.
4. It is not a requirement to transfer your salary to apply.
5. The processing fee is 2.50% of finance amount (Min AED 500, Max AED 2,500). There is also a brokerage commission of 1% of the finance amount.
6. The early settlement fee for this finance is 1% of the remaining principal amount to date. The bank has the discretion to waive any or all of the total outstanding profit.
7. The Takaful coverage fee is 0.75% of the finance amount.
8. The profit rate starts from 3.99% per annum based on a reducing rate. It will vary depending on customer profile. This rate is based on 4 year financing
9. The rate is calculated on a flat basis.

* 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.