Take Over finance for UAE Nationals
Min. salary
AED 20,000
Max. Amount
AED 4,500,000
Effective rate
5.99%
Ajman Bank Personal Finance offers consolidation of debts for UAE Nationals i.e. takeover all customer liabilities (except home finance) from other banks & financial institutions to enjoy the lower installment and high liquidity. The facility is offered through Commodity Murabaha which is based on the Islamic financing structure of Murabaha
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
300 month
Early settlement
1.00%
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Features
- Up to AED 4,500,000 finance for UAE Nationals
- Minimum Salary of AED 20,000
- Repayment tenor of up to 25 years
- Simple documentation
- Quick processing
Documents Required
- Application Form
- Copy of Passport (with Residence visa for expatriates)
- Emirates ID Card Copy
- Salary Certificate / Salary Transfer Letter from the employer
- 6 months bank statement
- Liability Letter from existing bank
Eligibility
- Required to submit bank statement for last 6 months
- Only UAE Nationals can apply for this finance
- Required to submit quotation of the required goods addressed to Ajman Bank
- Minimum age of 21 years is required
- It is a requirement to transfer your salary to apply