Major Feature:

• No collateral or guarantor required
• 100% cash without end use declaration
• 7-day loan return option
• Double Insurance converage

Minimum Requirement: Required to maintain minimum 6 months average balance of AED 25,000; Minimum 2 years length of business required

Reducing Rate (as advertised): Starting from 19.99% p.a. (depends on the customer profile)

Flat Rate: 11.51% p.a.

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

Maximum Finance Amount: AED 300,000

Islamic Finance: No

Maximum Term: 48 Months

Salary Transfer: Not required

Early Settlement Fees: 1% of outstanding amount

Insurance: 1.50% of the loan amount (It comes with double credit life coverage)

Holiday Period:  Yes, deferment options available

Salaried/Self Employed:  Only self-employed can apply