United Arab Bank Self Employed Personal Loan

  •   July 14, 2017


Min SalaryAED 200,000
Max Finance AmountAED 1,500,000
Arrangement Fee1%
Reducing/FlatReducing
Flat Rate (est. equivalent)8.27% p.a.
Reducing Rate (As Advertised)15% p.a.
Early Settlement Fee1%

 

MAIN BENEFITS

  • Pre-approved UAB business credit card, a current account with no minimum balance requirement, repayment tenure of 48 months, high finance amount.

OVERVIEW OF FEATURES

  • The maximum amount of finance offered is AED 1,500,000.
  • Your business must have a minimum annual turnover of AED 200,000 and maximum annual turnover of AED 1,000,000 to be eligible for this finance.
  • It is not a requirement to transfer your income to the bank to be eligible for this finance.
  • The processing fee is 1% of the total finance amount.
  • The early settlement fee is 1% of outstanding balance.
  • The insurance fee is 1% of the finance amount.
  • The interest rate starts at 15% per annum and goes up to 21% based on a reducing balance.
  • The interest rate starts at 15% per annum and goes up to 21% based on a reducing balance.


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