Education Finance
| Islamic Finance | Yes |
| Minimum Salary | AED 5,000 |
| Minimum Age | 21 years |
| Maximum Age | 65 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | At least 6 months in current job with salary transferred to Ajman Bank |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 500,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 3.75% - Profit rate may vary based on client profile and institution |
| Processing Fee: | 1.00% - Subject to a maximum cap; T&C apply |
| Early Settlement Fee: | 1.00% - Calculated on outstanding financed balance |
| Late Payment Fee: | 0.00% - Charged as charity donation in line with Islamic principles |
| Insurance Fee: | N/A - Takaful coverage may apply as per bank policy |
Required Documents
Emirates ID, passport/visa, salary certificate, enrollment or fee schedule
Promotions
Fee waivers or discounted rates during special periods
Additional Benefits
Custom repayment aligned with tuition deadlines
Features:
Financing disbursed to educational institution or student as needed
General Notes
Fully Sharia-compliant and subject to bank approval
