Youth National Loan
| Islamic Finance | No |
| Minimum Salary | AED 10,000 |
| 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 | For new job entrants or those with less than 3 months in current employment; minimum salary of AED 10,000 and an AECB score of at least 500. |
| Minimum Loan Amount | AED 20,000.00 |
| Maximum Loan Amount | AED 500,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A - Fixed rate option available; conventional and Islamic variants offered. |
| Reducing Interest Rate: | N/A |
| Processing Fee: | 1.00% - 1% of loan amount (min AED 500, max AED 2500). |
| Early Settlement Fee: | 1.00% - 1% of outstanding loan amount, maximum AED 10,000. |
| Late Payment Fee: | 200.00% - AED 200 per late installment. |
| Insurance Fee: | N/A - Life insurance fee is calculated as 0.01902% x loan tenure (months) x loan amount. |
Required Documents
Emirates ID, salary certificate, employment confirmation, and bank statements.
Promotions
Loan takeover option available.
Additional Benefits
Tailored for young UAE nationals entering the workforce; option to consolidate existing debt.
Features:
Competitive terms for first-job candidates; available in both conventional and Islamic variants.
General Notes
Offer subject to credit approval and employment verification. Processing time is 7 business days.
