More Details on Personal Loan

1. High loan amounts.
2. Flexible repayment period
3. Free Debit Card for purchases and withdrawal
4. The rates applicable will depend on the salary.

Main Benefits

1. Current Account with minimum balance requirement waived
2. Buy-out or transfer of Personal Loan from other banks
3. Free Debit Card for purchases and withdrawals

Overview of features

1. Max loan up to AED 3,000,000 for UAE Nationals and AED 750,000 for Expats. Loan repayment period is up to 48 months
2. You require a minimum salary of AED 8,000 per month to be eligible for this loan.
3. It is a requirement to transfer your salary to apply.
4. The processing fee is 1% of loan amount [Min AED 500; Max AED 2,500]
5. The early settlement fee is 1% of remaining amount.
6. Up to 1.5% of loan amount
7. The reducing rate of this finance is 5.50% and the equivalent flat rate is 3%. The calculation used is a division of the reducing rate by 1.832 and this is indicative only
8. The interest rate varies from 5.5% to 11% based on the salary and customer profile.
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.