Personal Loans for Salaried Expats in Abu Dhabi from EIB
Profit Rate: 3.84%
Tenor: 48 months
Eligibility: Minimum salary of AED 5000
Arrangement fee: 0.5% of loan amount with a minimum of AED 500 and maximum of AED 2500
Early settlement fee: 1% of outstanding amount
Salary transfer: No; Minimum salary AED 12,000
Takaful/Insurance fee: 0.75% of the loan amount
Personal Loans for Salaried Expats from EIB in Abu Dhabi
Emirates Islamic Bank (EIB) extends personal loans up to AED 1 million to expats belonging to the salaried class. The concept of EIB expats personal loan is based on Shari’a principles and the bank offers a ton load of solutions to all your financial requirements.
Goods & Services Finance: Fast processing times, credit card with 50% exemption on the first year’s annual fee and insurance cover.
Murabaha Investment Loan: Quick processing usually within 24 hours, credit card with annual fees waived for the first year and insurance cover.
Salary transfer is not mandatory but if salary is not transferred, the minimum salary amount should be AED 12,000 as against the normal 5,000.
To be eligible to seek an expat personal loan from EIB:
You should have completed at least a month’s service
21 years of age and older
Maximum age should be 60 years at the end of the loan period
Completed application form
Copy of passport and UAE residence visa
Bank statement for the last 3 months
Salary certificate along with salary transfer letter if necessary
EIB Expats Personal Loan in Abu Dhabi
Emirates Islamic Bank or EIB was started in 2004 with its headquarters in Dubai. The bank’s vision is to provide superior value to its customers, shareholders, employees and the community as a whole by offering a high standard of innovative and shari’a-compliant financial products and services to suit the individual needs as well as small and large businesses and corporations.
EIB understands the needs of its customers whom it considers as partners and helps in their betterment as well as the bank’s overall growth. This has enabled EIB to deliver quick and practical solutions to the customers’ financial issues while keeping up with the principles of Islamic banking.
Abu Dhabi – The Must-Visit City
Abu Dhabi is one of the most developed destinations in the Middle East region and the capital city of United Arab Emirates. The city, which becomes extremely hot during the summer months that stretch from June to September, is equally pleasant from October to April. Due to a large number of tourists arriving in this city every year, accommodation in Abu Dhabi hotels should be arranged well in advance. There are a number of sight-seeing attractions here that remain on the list of visitors during their trip to this city.
To avail of a personal loan in Abu Dhabi from EIB, fill in the form on this page and a representative will soon contact you to offer assistance.