| Min Salary | AED 10,000 |
| Salary Transfer | Yes |
| Max Finance Amount | AED 4,000,000 |
| Arrangement Fee | 1% |
| Reducing/Flat | Reducing |
| Flat Rate (est. equivalent) | 2.75% p.a. |
| Reducing Rate (As Advertised) | 4.99% p.a. |
| Early Settlement Fee | 1% |
MAIN BENEFITS
- Finance repayment up to 48 months
- The maximum amount of finance offered is AED 4,000,000.
OVERVIEW OF FEATURES
- This finance is Shariah-compliant.
- Finance repayment period is up to 48 months.
- You require a minimum salary of AED 10,000 per month to be eligible.
- It is a requirement to transfer your salary to apply
- The processing fee is 1% of the finance amount for Aspire customers and Privilege customers and 0.50% for Excellency customers. [Min AED 500; Max AED 2,500].
- The early settlement fee for this finance is 1% of the outstanding amount (principal + profit) to date. All other outstanding profit is waived.
- Takaful fee for Aspire and Privilege customers is 1% of the finance amount and 0.5% for Excellency customers.
- Finance repayment period is up to 48 months; The profit rate is 4.99% applied for all customers with salary above AED 5000 across all segments Aspire, Privilege and Excellency. All rates are calculated on reducing balance.
- The reducing rate of this finance is 4.99% and the equivalent flat rate is 2.75%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
