Citi Bank Salary Transfer Loan

Minimum Salary
8.000,00 د.إ

Flat Rate
AED 4.29%

Reducing Rate
8 %

Maximum Term
4 Years

Monthly Payment
AED 2,024

Description

Getting a personal loan from Citi is fast, easy, and hassle-free. So now you can focus on what really matters, like the colour of your swim shorts for your dream vacation, or the details in your new house.

Major Advantages: High loan amount, Fast approvals

Points to Consider: It is a requirement to transfer your salary to apply

Features

Minimum Salary Requirement: AED 8,000

Reducing Rate (as advertised): Starting from 8% p.a. (The rate is calculated on a reducing basis and varies between 8% to 15% depending on customer income and loan amount)

Flat Rate: 4.29% p.a. (as per 4 years calculation)

Processing Fees: 1% of the finance amount (Min AED 500, Max AED 2,500)

Maximum Finance Amount: AED 500,000 (or up to 20X your salary)

Islamic Finance: No

Maximum Term: 4 Years

Salary Transfer: Compulsory

Early Settlement Fees: 1% of the outstanding amount

Insurance: Optional

Salaried/Self Employed: Salaried Only

Documents Required

Salary transfer letter.
Last 3 months bank statements (with salary transfer).
Minimum (fixed) monthly salary of only AED 8,000.
Passport Copy / Emirates ID Copy.
6 months on the job or confirmed employment.

Additional Info

All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
Reducing rate is converted into Flat rate as per 4 years calculation.
Terms and conditions apply.