Personal Loans for Salaried UAE Nationals 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 UAE Nationals from SIB in Abu Dhabi 

Two types of personal loans namely Service Ijarah and Goods Murabaha are offered by Sharjah Islamic Bank or SIB. Both the loans are characterized by the same features and benefits except for the purpose for which they are given.
The Ijarah service loan is given to meet travel and educational expenses, medical treatment, wedding expenditure and rent. Goods Murabaha is given for buying goods including machinery, furniture, vehicles and domestic appliances. You can make use of this loan to go on Haj and Umrah pilgrimage trip.
In either case the profit rate charged will be 3.03% if you will make the repayment within 36 months. Maximum loan amount that can be availed as personal loan from SIB is AED 300,000 for any of the two loans or 20 times your salary whichever is less.
Personal loans from SIB follow the principles of Shari’a. You should be a semi-Government or Government employee to be eligible for SIB personal loans.
Requirements to apply for a personal loan from SIB are:
Letter from employer
Bank statements for the last 3 months
Salary transfer letter
Valid UAE residence Visa
Original passport or UAE national ID
In case of Goods Murabaha, original quotation from the goods dealer in the name of the Bank

SIB UAE Nationals Personal Loan in Abu Dhabi

National Bank of Sharjah that later became the Sharjah Islamic Bank or SIB was started in 1975 with its headquarters in Sharjah, UAE. SIB was the first bank in the world to switch from traditional to Islamic banking in 2002.
This change in the banking system resulted in the development of unique financial products and services. Accounting and operational functions were modified to conform to Islamic regulations. SIB plays a proactive role in the economic and social development of the society and the banking practices are designed in such a way that they help meet the financial requirements of a large and varied customer group.

Abu Dhabi – Amazing Tourist Destination

Abu Dhabi offers an interesting mix of history, culture and adventure by providing visitors great many ways to explore the Emirate. Be it a speedboat tour of Abu Dhabi’s well-defined coastline, sand-skiing while enjoying the beautiful sunset, experiencing the amazing views of the city from the heights, taking a city tour in an open top double-decker bus, visitors realize that there is much more to Abu Dhabi in reality to what they had expected.
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.