Salary Linked Personal Loan
| Islamic Finance | No |
| Minimum Salary | AED 10,000 |
| Minimum Age | N/A years |
| Maximum Age | N/A years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Salaried employees with regular employment. |
| Minimum Loan Amount | AED 10,000.00 |
| 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: | 8.00% - Fully fixed rate from 8.00% to 10.00% per annum on reducing balance. |
| Processing Fee: | 1.00% - 1.00% of loan amount, minimum AED 500 + VAT. |
| Early Settlement Fee: | 1.00% - 1% of loan outstanding amount, minimum AED 250, max AED 10,000 + VAT. |
| Late Payment Fee: | 2.00% - 2% of delayed amount, minimum AED 50, max AED 200 + VAT. |
| Insurance Fee: | N/A |
Required Documents
Emirates ID, salary certificate, bank statements, loan application form.
Additional Benefits
Fixed EMI repayments using reducing balance method.
Features:
Quick processing, salary-linked repayment, reducing interest method.
General Notes
Any missed payments will be reported to Al Etihad Credit Bureau and may affect credit score.
