Loan

Description

Whether it’s for a new home, travels abroad, or a wedding, our personal loans for UAE nationals are designed to meet the needs of all Emiratis.

Major Advantage: High finance amount

Main Benefit

• Flexible repayment terms
• Minimum documentation
• Fast track approvals

Loan Details

• Minimum Salary Requirement: AED 7,000
• Reducing Rate (as advertised): From 4.99% p.a. (depends on profile of the customer)
• Flat Rate: From 2.64% fixed per year (calculated as per 4 years calculation)
• Processing Fees: 1.05% of the finance amount (Min AED 525, Max AED 2,625)
• Maximum Finance Amount: AED 5,000,000
• Islamic Finance: No
• Maximum Term: 48 Months (or up to 60 months for employees of the Ministry of Defense)
• Salary Transfer: Compulsory
• Early Settlement Fees: 1.05% of outstanding amount
• Insurance: 1% of the finance amount
• Salaried/Self Employed: Only Salaried can apply