Min. Salary

AED 5000

Loan Amout

Upto AED 2 Million

ROI Starts @

5.24%

Main Benefits & Features:

  • Salary Transfer required
  • Maximum loan amount of up to AED 2 million
  • Interest as low as 5.24%
  • Free Bank Account with no minimum balance
  • Minimum Tenure 12 months to maximum up to 48 months
  • Easy documentation ensuring quick approvals    

Eligibility:

  • Minimum Age – 21 years
  • Maximum Age – 65 years (UAE National), 60 years (Expatriate)
  • Minimum Salary AED 5,000
  • Minimum 6 months length of service with the current employer

Rates & Charges:

  •  Interest: Reducing
  •  Effective Rate: 2.77% - 5.24%
  •  Arrangement Fee : 1%
  •  Early Settlement Fee : 1%

Required Documents:

  • Duly filled & signed application form
  • Copy of Passport
  • Copy of Emirates ID/UAE resident ID
  • Copy of Visa (For Expatriates only)
  • Copy of Idbara page (For UAE Nationals only)
  • Residence proof or utility bill
  • 3/6 months Bank statement     
  • Salary Certificate
  • Direct Debit Form
  • Undated Security Cheque
  • Copy of Trade Licence (For Self Employed)
  • MOA (Memorandum of Association) (For Self Employed)
  • POA (Power of Attorney) (For Self Employed)
  • For Loan to Minor : Attested copies of guarantor/ co-borrowers Passport & Visa, Emirates ID, Trade Licence and Income details.