1 Compare
2 Apply
Emirates Islamic Bank
Personal Finance (Promotion)
Fees & Charges
| Processing Fees | 1 % |
| Minimum Fees | AED 500 |
| Fee Cap | AED 2,500 |
| Early Settlement Fees | 1 % |
| Early Settlement Fees Cap | AED 10,000 |
Profit Rate
| Profit Rate - Emarati | Starting from 2.59%* |
| Profit Rate - Expats | Starting from 2.85%* |
| Rate Structure | Flat |
| Rate Presentation | Up to 4 Years |
| Rate Linkage | Fixed Rate |
Disclaimer
The actual applicable profit rate for each customer will be based on the customer eligibility. The Final terms of finance facility will be included in the facility offer letter.
General Product Features
| Residency Type | Only Residents |
| Minimum Length of Service | 3 Months |
| Employment Type | Salaried |
| Minimum Salary/Income - Emarati | AED 10,000 |
| Minimum Salary/Income - Expat | AED 10,000 |
| Maximum Age - Emarati | 65 Years |
| Maximum Age - Expat | 60 Years |
Details Product Features
| Finance Type | Islamic |
| Isalmic Contract Type | Murabaha |
| Specific to City | All Areas in UAE |
| Minimum Finance Amount - Emarati | AED 30,000 |
| Maximum Finance Amount - Emarati | AED 4,000,000 |
| Minimum Finance Amount - Expats | AED 30,000 |
| Maximum Finance Amount - Expats | AED 2,000,000 |
| Minimum Tenor | 12 Months |
| Maximum Tenor | 48 Months (60 Months for Ministry of Defense Employees) |
| Grace Period - Emarati (Days till first installment ) | 120 Days |
| Grace Period - Expats (Days till first installment ) | 90 Days |
| Maximum Salary Multiples | 20 Multiples Monthly |
| Allow Consolidation | Allowed |
Emirates Islamic Bank is offering a special Ramadan promotion on personal finances, providing customers with competitive profit rates, flexible repayment options, and exclusive benefits tailored to their financial needs during this holy month. With reduced profit rates and dedicated customer support, the promotion aims to provide financial ease and value-added benefits to customers seeking financing solutions during Ramadan.
CONNECT WITH US
Connect with us for free consultation and all your queries and concerns with our professional and highly skills professionals
