Standard Personal Finance
Min. salary
AED 8,000
Max. Amount
AED 3,000,000
Effective rate
5.99%
Ajman Bank Personal Finance allows you access to cash through Commodity Murabaha. This product is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin. The added profit margin could be mentioned in the form of a fixed lump sum or a percentage of the Price of the Goods.
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
48 month
Early settlement
1.00%
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Features
- Up to AED 3,000,000 finance for UAE Nationals
- Up to AED 1,000,000 finance for Expatriates
- Minimum Salary of AED 6,500 for Expatriates & AED 8,000 for UAE Nationals
- Repayment tenor of up to 4 years
- Simple documentation
- Quick processing
- Pre-Approved Credit Card with lifestyle benefits
Documents Required
- Application Form
- Copy of Passport (with Residence visa for expatriates)
- Emirates ID Card Copy
- Salary Certificate / Salary Transfer Letter from the employer
- 3 / 6 months bank statement
Eligibility
- Minimum age 21 and maximum age 65 for UAE Nationals and 60 for non-UAE Nationals
- 3-6 months bank statement