Additional Personal Finance/Top-up
| Islamic Finance | Yes |
| Minimum Salary | AED 5,000 |
| Minimum Age | 21 years |
| Maximum Age | 60 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Salaried individuals with existing finance products and confirmed employment. |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 200,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 36 months |
| Flat Interest Rate: | 3.00% - Competitive flat profit rate tailored for top-up transactions. |
| Reducing Interest Rate: | 5.50% - Reducing profit rate reflecting additional liquidity costs. |
| Processing Fee: | 1.00% - Standard 1% fee applicable on additional finance amounts. |
| Early Settlement Fee: | 1.00% - 1% fee on outstanding principal, subject to cap. |
| Late Payment Fee: | 1.00% - 1% of installment amount for delayed payments. |
| Insurance Fee: | 0.63% - Takaful fee approximated at 0.63% on the financed amount. |
Required Documents
Standard documents plus proof of existing finance with the bank.
Promotions
Fee discounts may be offered on top-up applications.
Additional Benefits
Enables consolidation of existing liabilities with favorable terms.
Features:
Provides additional liquidity while leveraging current finance relationships.
General Notes
Approval depends on the customer’s existing liability profile and credit assessment.
