AI Hilal Bank Personal Loan Eligibility - Check out the Eligibility Criteria for AI Hilal Personal Loan in UAE like Minimum Salary, Age, Document Required, Nationality, Salary Transfer & More.
Ajman Bank in UAE offers customers high personal loan finance with a flexible repayment period. Customers benefit from competitive interest rates, no processing fees, fast processing time and convenient repayment options. Customers can even borrow up to 80% of their salary and have the option of early settlement with no additional fees. The financial institution provides a safe and secure environment for customers to get access to their loan requirements.read more
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Get personal loan at Lowest Interest Rate
The Ajman Bank personal loan does not charge interest and offers a completely candid schedule of charges, which are some of the defining characteristics of a Shariah-compliant loan. In addition to the numerous benefits that Ajman Bank personal loans offer to its customers, the bank also makes incredibly generous donations to the emirate of Ajman itself.
Ajman Bank is a completely Shariah-compliant Islamic Banking organization that started its operations out of Ajman in 2009.
The Ajman Bank personal loan offers a highly competitive profit rate, which is set as per the bank’s discretion. The table below details the best Ajman Bank personal loans and their biggest features:
Category | Sub-Category | Max Loan Amount (for UAE nationals) | Max Loan Amount (for Expatriates) | Tenor |
---|---|---|---|---|
Commodity Murabaha |
Standard Murabaha |
AED 3 million |
AED 1 million |
4 years |
Takeover Murabaha |
AED 4.5 million |
Only available for UAE nationals |
25 years |
|
Good Murabaha |
|
AED 3 million |
AED 1 million |
4 years |
Service Ijarah |
Standard Ijarah |
AED 3 million |
AED 1 million |
4 years |
Education Ijarah |
AED 750,000 |
AED 750,000 |
4 years |
|
Hajj Ijarah |
AED 300,000 |
AED 300,000 |
4 years |
Disclaimer: Interest Rates are subject to change at any time.
The Ajman Bank personal loan is available in an exciting mix of varieties. Listed below are the features and benefits of the many categories of Ajman Bank personal loans in Dubai and the UAE.
This form of Ajman Bank personal loan allows cardholders to pay off their existing debts and even consolidate all of their existing loans into the Ajman Bank personal loan (for UAE nationals exclusively), and is available in two forms:
1. Standard Murabaha
Eligibility |
Documents Required |
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Minimum Salary
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The interest rate and charges for this loan type are:
2. Takeover Murabaha
Eligibility |
Documents Required |
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Minimum Salary
|
|
The interest rate and charges for this loan type are:
This Ajman Bank personal loan offers the same cost-plus financing solution as mentioned above, however it does so for goods such as electronic appliances, house furnishing and more. The features and benefits of this loan are:
Eligibility |
Documents Required |
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Minimum Salary
|
|
The interest rate and charges for this loan type are:
Ijarah Ajman Bank personal loans are exceptionally adept at financing immediate service requests. Applicants may buy Ajman Bank personal loans under three categories of Ijarah:
1. Standard Ijarah
This form of Ijaraha Ajman Bank personal loan incorporates all forms of Service request except for Educations and Hajj expenses (which are the other two categories of Ijarah Ajman Bank personal loans).
2. Education Ijarah
3. Hajj Ijarah
Eligibility |
Documents Required |
---|---|
Minimum Salary
|
|
The interest rate and charges for this loan type are:
Ajman Bank personal loans follow the principles of Islamic Banking. This means the offered loan is fully Shariah-compliant. Islamic Banking personal loans do not charge interest and typically have a completely candid system of fees and charges.
Yes, the best Ajman Bank personal loans allow customers to apply for life insurance for just 1% of the total finance amount. This Shariah-compliant insurance policy is referred to as Takaful.
Loan holders are liable to pay a late penalty fee of up to 2% of the missed Ajman Bank personal loan installment amount (capped at AED 200). This late payment charge is donated to a charity of Ajman Bank’s choosing.
In addition to buying an Ajman Bank personal loan, applicants can also enjoy the excellent Shariah-compliant financing solutions for property, auto, and salary advance categories.
Ajman Bank personal loans in Dubai and other Emirates charge a one-time processing fee of 1% of the total borrowed amount. This processing fee also has a minimum and a maximum restriction of AED 500 and AED 2,500 respectively.