Salary Transfer 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 | Full salary transfer to Ajman Bank required, minimum 6 months job continuity |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 1,000,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 3.99% - Lower profit rate for salary transfer customers |
| Processing Fee: | 1.00% - Calculated on financed amount, T&C apply |
| Early Settlement Fee: | 1.00% - On remaining financed portion if settled before maturity |
| Late Payment Fee: | 0.00% - Donation component for delayed payments as per Sharia requirements |
| Insurance Fee: | N/A - Coverage under bank’s Takaful plan if applicable |
Required Documents
Emirates ID, passport/visa, salary certificates, bank statements
Promotions
Exclusive rates for select government or semi-government employees
Additional Benefits
Potential higher finance limit based on salary multiple
Features:
Easy top-up options after timely repayments
General Notes
Eligibility and final amount subject to bank’s credit criteria
