Main Benefits & Features:

  • Salary Transfer Required
  • Loans available for both listed and non-listed companies
  • Maximum loan amount of up to AED 1,000,000 (for Expats) & up to AED 3,000,000 (for UAE Nationals)
  • Loan can be availed maximum up to 20 times of your salary
  • Minimum Tenure 6 months to maximum up to 48 months
  • Islamic finance option is also available

Eligibility:

  • Minimum Age – 21 years
  • Maximum Age – 65 years (UAE National), 60 years (Expatriate)
  • Minimum Salary:

                          1.Expatriates: - AED 7,000 (for Listed Companies) & AED 10,000 (for Non-Listed Companies)

                          2.UAE Nationals: - AED 10,000

  • Minimum 6 months of service OR ‘Confirmed’ with the current employer

Rates & Charges:

  • Interest: Flat
  • Effective Rate: 5.99% - 6.25%
  • 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)
  • Salary Certificate (Original)
  • Salary Transfer Letter
  • 3/6 months bank statement