Personal Loans for Salaried Expats in Sharjah 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 Sharjah

Personal Loans for Salaried Expats from EIB in Sharjah
Salaried expats can get a personal loan of a maximum of up to AED 1 million from Emirates Islamic Bank (EIB) in Sharjah. EIB personal loans are based on Shari’a principles and can be categorized into 2 sub-divisions namely goods & services finance and investment Murabaha finance. Either way, EIB helps you meet your financial commitments in a smooth manner by offering you hassle-free loans.
Credit card with 50% exemption on the first yearly fee and insurance cover are the unique features of goods and services loan. Free credit card for the first year and insurance cover come with the Murabaha investment loan. Note that your minimum salary will have to be AED 12,000 if you don’t want to transfer your salary to EIB.
You could apply for a EIB personal loan in Sharjah if you have worked in a company for at least a month and if you are 21 years or older. Maximum age at the end of the loan period is 60. You need to submit the application form along with copies of your passport and residence visa, 3 months’ bank statement and salary certificate and salary transfer letter in case you transfer your salary to the bank

EIB Expats Personal Loan in Sharjah

Emirates Islamic Bank or EIB began its UAE operations in 2004 with its headquarters in Dubai. the distinctive vision of the bank is to offer top quality value to its customers, employees, shareholders and the community through innovative financial products and services adhering to the principles of Islamic banking. The products are customized to suit the specific needs of small as well as large businesses and corporations. 

Sharjah – Topography

The topography of Sharjah can be divided into two distinct regions - the sandy plains and the Hajar mountain range. The Hajar mountain range is situated in the eastern province of Batinah at an altitude of 2,500 feet above sea level. Sharjah and Dubai are close neighbors with a mere 15 minute drive separating the centre of Sharjah and Dubai International Airport.
To avail of a personal loan in Sharjah from EIB, fill in the form on this page and a representative will soon contact you to offer assistance.