More Details on Personal Loan

Get a personal loan with competitive interest rates and very little required 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 48 months and applicable rate is 5% reducing.
9. The reducing rate of this finance is 5% and the equivalent flat rate is 2.76%. 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.

Required Documents

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 must be 21 years of age or above with a minimum monthly income of AED 10000.