Personal Loan - UAE Nationals
| Islamic Finance | No |
| Minimum Salary | AED N/A |
| Minimum Age | 21 years |
| Maximum Age | N/A years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | No |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Minimum length of service may apply. |
| Minimum Loan Amount | AED 20,000.00 |
| Maximum Loan Amount | AED 3,000,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A - Fixed interest rate locked for entire duration. |
| Reducing Interest Rate: | N/A |
| Processing Fee: | 1.00% - 1% of loan amount, minimum AED 500, maximum AED 2500. Differential pricing may apply based on segment status. |
| Early Settlement Fee: | 1.00% - 1% of outstanding loan amount, maximum AED 10,000. |
| Late Payment Fee: | 200.00% - AED 200 for late payment. |
| Insurance Fee: | N/A - Life insurance is mandatory. Calculated as 0.01902% x loan tenure in months x loan amount. |
Required Documents
Emirates ID, salary certificate, and bank statements.
Additional Benefits
Flexible repayment terms.
Features:
Fixed interest rate; salary transfer required; no collateral; option to consolidate existing loan.
General Notes
Offer subject to credit approval and terms in the offer letter. Cooling-off period of 5 working days applies.
