National Bank of Fujairah Personal Finance

  •   Deal Expired
Min SalaryAED 5,000
Salary TransferYes
Max Finance AmountAED 3,000,000
Arrangement Fee1%
Reducing/FlatReducing
Flat Rate (est. equivalent)From 3.45% p.a.
Reducing Rate (As Advertised)From 6.25% p.a.
Early Settlement Fee1%

 

MAIN BENEFITS

  • Get competitive profit rates.
  • The bank promises no hidden charges, Minimum documentation requirements, Quick processing time.
  • Options to buy-out your existing personal finance.

OVERVIEW OF FEATURES

  • This finance is sharia-compliant.
  • Finance repayment period is up to 48 months.
  • You require a minimum salary of AED 5,000 per month to be eligible.
  • It is a requirement to transfer your salary to apply.
  • The processing fee is 1% of the finance amount.
  • The early settlement fee is 1% of remaining amount.
  • The Insurance fee is 1% of the finance amount.
  • Profit rate starts from 6.25%. It is based on salary and customer profile.
  • The reducing rate of this finance is 6.25% and the equivalent flat rate is 3.45%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only