Service Ijarah
Min. salary
AED 8,000
Max. Amount
AED 3,000,000
Effective rate
5.99%
Ajman Bank Personal Finance offers all of the above though Islamic structure of Service Ijarah; a transaction where bank will purchase the service as requested by the customer and allow the customer, the right to use it and the benefits of the service for a predetermined period of time and in return the customer will pay a pre-determined agreed rent.
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
- Repayment tenor of up to 4 years
- Simple documentation
- Quick processing
- Pre-Approved Credit Card with lifestyle benefits
Documents Required
- Quotation of the required services addressed to Ajman Bank
- 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 Salary of AED 6,500 for Expatriates
- Minimum Salary of AED 8,000 for UAE Nationals