More Details on Personal Loan

Consolidate your debts into one personal loan with easy repayment plans. Take advantage of low interest rates and minimum documentation!.

Features

1. Competitive interest rates
2. Minimum documentation
3. Fast track approval
4. It is a requirement to transfer your salary to apply
5. The processing fee is 1% of the total finance amount (Minimum AED 500 and Maximum AED 2,500).
6. The early settlement fee is 1% of outstanding balance.
7. The insurance fee is 1% of the finance amount
8. Loan repayment period is up to 240 months and applicable rate is 6% reducing.
9. The reducing rate of this finance is 6% and the equivalent flat rate is 3.31%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only
10. This rate is calculated on a reducing balance.

Documents Required

1. Passport
2. Work ID
3. 3 months bank statements showing salary credits
4. Salary certificate
5. Liability Letter

Eligibility

1. Only UAE nationals can apply for this loan
2. Applicant should be 21 years of age or above