Emirates Islamic – Personal Finance For Expats
Minimum Salary
AED 0
Monthly Payment
AED 0
Salary Transfer
Yes
Flat Rate
2.85%

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Personal Finance Options This Ramadan with Emirates Islamic

Emirates Islamic offers comprehensive personal financing options this Ramadan to cater to all your needs, from covering higher education fees to planning your dream wedding. Benefit from attractive profit rates, complimentary Takaful coverage, and more.

Key Benefits:

  • Attractive Profit Rates: Starting from 2.85% flat per annum for expatriates (equivalent to approximately 5.22% reducing per annum).
  • Complimentary Takaful Coverage: Enjoy free insurance coverage.
  • Payment Holiday: Benefit from up to 3 months’ deferred payments.
  • Flexible Finance Amounts: Finance amounts available up to AED 2 million.
  • Offer Validity: Available until April 30, 2024.
  • Terms and Conditions Apply: Please check the bank’s terms for more details.

Required Documents:

  • Completed application form
  • Valid passport and UAE residence visa (both original and copies)
  • Recent bank statements (last 3 months)
  • Salary transfer letter or salary certificate (for salaried individuals)
  • Liability letter (for buyout cases)
  • Trade license (for self-employed individuals)
  • Account opening form for trading shares

Eligibility Criteria:

  • Minimum Monthly Salary: AED 10,000
  • Minimum Age: 21 years
  • Length of Employment: At least 6 months
  • Maximum Age: 60 years at the time of loan maturity

Turn your dreams into reality with Emirates Islamic Personal Finance this Ramadan!

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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