Personal Loans for UAE Nationals in Sharjah 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 Sharjah 

Emirati nationals are eligible to borrow a maximum amount of up to AED 3 million by way of personal loan from EIB in Sharjah. Two types of personal loans namely goods and services loan and Murabaha investment loan are unique in that they are:
Approved within a day
Takaful Covered
Credit card with the first year’s annual fee waived
Moderate processing fees
Minimum salary eligibility is raised to AED 12,000 if you don’t want to transfer your salary to EIB. The bank offers Shari’a-based financial products and services to its customers who fall under the individual, small business and large corporation categories. The financial loan policy of the Emirates Islamic Bank is governed by the Murabaha arrangement.
To be eligible to apply for an EIB personal loan, you need to be over 21 years of age, be employed for a minimum period of 1 month in a firm. Maximum age of the borrower at the time of closing the loan should be 65 years.
Documents required:
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 need be

Documents required:

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 Sharjah

Emirates Islamic Bank or EIB is a bank committed to conducting business adhering to the Shari’a principles of Islamic banking, so works hand in hand with the UAE nationals providing them unrelenting support by way of a diverse yet very useful financial loan package.
The bank realizes its long-term objectives by understanding the individual financial needs of its customers and serving them accordingly. EIB delivers efficient financial solutions irrespective of whether the customer is an individual, start-up, medium enterprise or a corporate group.

Sharjah – Climate 

Sharjah’s climate is idyllic from November to April with day temperatures ranging from 18°C to 30°C. January, February and March see rainfall and the probable tropical storm, while May to September are the hottest months. Mid-day temperatures in July and August can escalate to as high as 45°C with nights averaging 25°C. Humidity often reaches 100 per cent during these months meaning that Sharjah residents tend to head to cooler climes.
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 help you with the loan process.