Emirates Money Personal Loan
Minimum Revenue
AED 0
Monthly payment
AED 0
Flat Rate
4%
Maximum Term
10.0

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Features:

  • Loan Amount: Obtain cash loans up to AED 400,000.
  • Flexible Repayment Terms: Repayment terms of up to 48 months to suit your business cash flow.
  • Top-Up Facility: Option to top up your loan as needed, offering additional financial flexibility.

Documents Required:

  • Passport Copy with Visa Page: A clear copy of your passport, including the page with your visa.
  • Trade License Copy: A copy of your valid trade license.
  • Bank Statements: Original bank statements for the last 3 months to verify income and transactions.
  • Memorandum of Association (MOA): A copy of the MOA outlining the company’s structure and ownership.
  • Power of Attorney (POA): If applicable, a copy of the POA document.
Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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