Personal Loans for UAE Nationals in Abu Dhabi from EIB
Profit Rate: 3.63%
Tenor: 48 months
Eligibility: Minimum salary of AED 5000
Arrangement fee: 1% of loan amount with a minimum of AED 500 and maximum of AED 2500
Early settlement fee: 1% of outstanding amount
Late payment fee: AED 200
Loan cancellation fee: AED 100
Salary transfer: No; Minimum salary for non-transfer loan is AED 12,000
Takaful/Insurance fee: 0.75% of the loan amount
Personal Loans for UAE Nationals from EIB in Abu Dhabi
UAE Nationals are eligible for a maximum personal finance of up to AED 3 million by Emirates Islamic Bank or EIB. The EIB personal loans, classified into two categories namely Murabaha investment loan and goods and services loan, are characterized by the following features:
Loan approval within 24 hours
Certificate of Takaful or insurance cover
Credit card with full waiver of annual service fee for the first year of the loan
Reasonable arrangement fees
EIB offers Shari’a-based financial products and services to its customers ranging from individuals and small businesses to large corporations. The financial loan policy of the Emirates Islamic Bank is governed by the Murabaha arrangement.
The following eligibility criteria apply to UAE Nationals:
If you transfer your salary to EIB, the minimum salary eligibility is AED 5,000 whereas it is AED 12,000 if you don’t transfer your salary
Minimum of a month’s employment in your current organization
At least 21 years of age
Not more than 65 years when the loan period is completed
Completed application form
Copy of passport and UAE residence visa
Bank statement for the last 3 months
Salary certificate along with salary transfer letter where necessary
EIB UAE Nationals Personal Loan in Abu Dhabi
Emirates Islamic Bank or EIB is known for its commitment to the Shari’a principles of Islamic banking, so works hand in glove with the UAE nationals and expat customers offering them excellent support by way of a diverse yet advantageous financial loan package.
The bank is able to achieve its long-term goals by serving its customers which is made possible by understanding their individual financial requirements. EIB extends excellent customer support and delivers efficient financial solutions regardless of the customer being an individual, start-up, medium enterprise or a corporate setup.
Abu Dhabi – The magnetic Charm
Abu Dhabi, the UAE capital encompasses a variety of attractions to draw a large number of tourists year after year. Though the hot climate prevails around the year, it offers many good reasons to be a unique tourist destination right from the unparalleled shopping experience to the highly comfortable accommodation. Abu Dhabi is located in the Persian Gulf region bordered by Saudi Arabia and Oman. Historical monuments, museums and modern amusement center in the Abu Dhabi City seem to have a magnetic charm that attracts the tourists.
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 help you with the loan process.