Main Benefits & Features:

  • Salary Transfer required
  • Maximum loan amount of up to AED 500,000
  • Minimum Tenure 6 months to maximum up to 48 months
  • No Early Settlement charges
  • Simple documentation & quick processing

Eligibility:

  • Minimum Age – 21 years
  • Maximum Age – 65 years (UAE National), 60 years (Expatriate)
  • Minimum Salary AED 8000

Rates & Charges:

  • Interest: Reducing
  • Effective Rate:  7.5%
  • Arrangement Fee : 1%
  • Early Settlement Fee : 0%

 

Required Documents:

  • Duly filled & signed application form
  • Copy of Passport
  • Copy of Emirates ID/UAE resident ID
  • Copy of Visa (For Expatriates only)
  • 3/6 months bank statement
  • Salary Certificate
  • Salary Transfer Letter