Personal Loans for Salaried Expats in Abu Dhabi from SIB

Particulars

Service Ijarah Loans

Goods Murabaha Loans

Profit Rate

3.79%

3.79%

Tenor

48 Months

48 Months

Minimum salary

AED 6000

AED 6000

Arrangement fee

1% Min. AED 500;Max.AED 2,500

1% Min. AED 500;Max.AED 2,500

Early settlement fee

1%

1%

Insurance fee

0.04%

0.04%

Salary transfer

Yes

Yes

Personal Loans for Salaried Expats from SIB in Abu Dhabi 

Service Ijarah and Goods Murabaha are the two types of personal loans for salaried expats from SIB in Abu Dhabi. They have almost the same features but for the purpose they are financed for.
The Goods Murabaha Finance is for purchasing goods such as furniture, appliances for your home and machinery. Services Ijarah is advanced for travel (includes airfare to Haj and Umrah), wedding, medical and education expenses. If you repay the loan in 36 months instead of the normal 48, you need to pay a profit rate of 3.03% only.
Personal loans from SIB are Shari’a-compliant. You need to be working in a semi-Government or Government organization to be eligible for SIB personal loans. A three-month grace period is allowed on the first installment.
You need to fulfill the following requirements to apply for a personal loan from SIB:
Valid UAE residence Visa
Letter from employer
Bank statements for the last 3 months
Salary transfer letter
Original passport and UAE national ID
Original quotation from the goods dealer in the name of the Bank in case of Goods Murabaha

SIB Expats Personal Loan in Abu Dhabi

Sharjah Islamic bank or SIB has been able to sustain its growth and reputation mainly due to the excellent customer service and the unambiguous policy of risk management and cost-control. Shari’a-compliant services and products in the corporate, retail and international banking divisions of SIB have earned a special name for themselves.

Abu Dhabi – Magnificent Malls

Abu Dhabi’s huge, modern malls offer a great respite from the summer heat as well as a haven for pleasure shopping. They serve as wonderful meeting places for friends and family and offer endless fun and entertainment. Shopping malls are very popular in Abu Dhabi with a variety of outlets ranging from infants to seniors. Malls are open late into the night during festival seasons such as Eid or Ramadan when cultural shows are conducted. Abu Dhabi Mall, Marina Mall, Khalidiyah Mall and several other malls are popular in Abu Dhabi.
To avail of a personal loan in Abu Dhabi from SIB, fill in the form on this page and a representative will soon contact you to offer assistance.