More Details on Personal Loan

1. High loan amounts.
2. There is an early settlement and arrangement fee.

Main Benefits

1. Grace period of up to 45 days
2. Flexible repayment options
3. Dedicated Sales Team - ready to serve you at your convenience
4. Loans buy– out facility

Overview of features

1. Loan repayment period is up to 48 months.
2. You require a minimum salary of AED 15,000 per month to be eligible.
3. It is a requirement to transfer your salary to apply.
4. The processing fee is 1% of loan amount [Min AED 250; Max AED 2,500].
5. The early settlement fee is 1% of outstanding principal.
6. The insurance fee is 0.5% of loan amount.
7. The rate is 5.99% calculated on reducing balance. It varies depending on salary and whether company is approved by bank.
8. The reducing rate of this finance is 5.99% and the equivalent flat rate is 3.20%. 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.