United Arab Bank Cash Flow Personal Loan

Minimum Salary
10.000,00 د.إ

Flat Rate
AED 2.18%

Reducing Rate
3.99 %

Maximum Term
1 Years

Monthly Payment
AED 1,848

Description

United Arab Bank ‘s Cash Flow Loan helps you meet your short-term financial obligations like your home rent and education fees at attractive rates.

Major Advantage: No Minimum length of service required

Points to Consider: Repayment period is 1 year only

Features

Major Feature: This loan can be used for payment of rent and/or education fees

Minimum Salary Requirement:

AED 10,000 for salary transfer customers
AED 20,000 for non- salary transfer customers

Reducing Rate:

3.99% p.a. for salary transfer customers
8.99% p.a. for non-salary transfer customers

Flat Rate: 2.18% p.a.

Processing Fees: (Max AED 2,500)

0.45% of the finance amount for salary transfer customers
0.75% of the finance amount for non-salary transfer customers

Maximum Finance Amount: AED 400,000

Islamic Finance: Yes and conventional also available

Maximum Term: 1 Year

Salary Transfer: Not Compulsory

Early Settlement Fees: 1% of outstanding amount

Insurance:

0.45% for salary transfer customers
0.75% for non-salary transfer customers

Holiday Period: No

Salaried/Self Employed: Only Salaried can apply

Documents Required

For rent loan:

Draft Tenancy contract copy.
Landlord ownership document copy (title deed, SPA, oqood etc.).
For Non-salary transfer customers, direct debit mandate is required.
One-month salary transfer proof required.
Passport, Visa and Emirates ID copy.

For education loan:

Institute enrollment document copy (ID Card, Letter from institute or Invoice).
Fee details copy.
For Non-salary transfer customers, direct debit mandate is required.
One-month salary transfer proof required.
Passport, Visa and Emirates ID copy.

Additional Info

All info mentioned can change at any point in 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 1-year calculation.
Terms and conditions apply.