Personal Loan – Fixed & Variable
| Islamic Finance | No |
| Minimum Salary | AED N/A |
| 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 | No |
| Employment Criteria | Subject to credit assessment and affordability. |
| Minimum Loan Amount | AED N/A |
| Maximum Loan Amount | AED 4,000,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | 5.99% - Fully fixed rate option starting from 4.99% up to 19.99% on a reducing balance basis. Representative rate: 5.99%, APR 6.48%. |
| Reducing Interest Rate: | 5.50% - Introductory fixed rate of 5.50% for the first 6 months, then variable linked to EIBOR. Representative APR: 5.95%. |
| Processing Fee: | 1.05% - Processing fee is 1.05% of the loan amount (min AED 525 and max AED 2625) inclusive of VAT. |
| Early Settlement Fee: | 1.05% - Early settlement fee is 1.05% of the outstanding balance. |
| Late Payment Fee: | N/A |
| Insurance Fee: | N/A |
Required Documents
Emirates ID, salary certificate, bank statements, residence visa, credit report.
Promotions
Terms subject to credit assessment.
Additional Benefits
Flexible interest rate options and repayment terms.
Features:
Choice of fixed or variable interest rate; competitive processing fees.
General Notes
Max loan amount: AED 4,000,000 for UAE Nationals and AED 3,000,000 for Expats. Offer subject to eligibility, credit assessment, and terms and conditions.
