Ajman Bank Credit Card Loan

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Ajman Bank offers different banking products and services such as bank accounts, credit cards, loans, mortgages, fixed deposits and more for both individual and corporate customers. Every banking product comes with a unique set of features that enable cardmembers to manage their finances efficiently.

Ajman Bank credit cards come with a broad range of benefits such as airport lounge access, extended warranty, purchase protection, travel insurance, and more. Along with all these benefits, the cardmembers also get a credit card loan facility from the bank. 

In this post, we will help you learn how Ajman Bank credit card loans work and how you can apply for the same in just a few clicks.

What is Ajman Bank Credit Card Loan?

Ajman Bank credit card loan is an amount that the cardmembers can borrow against their Ajman Bank credit card. The eligibility and loan amount is based on the cardmembers’ usage and credit limit. The bank goes through the cardmembers’ credit history and informs them about their loan eligibility via SMS or email. The credit card members can use this loan amount to deal with their finances and convert the same into monthly EMIs for hassle-free repayment. 

The applicants can visit Ajman Bank’s website to check their eligibility and other requirements. The best part about the credit card loan is that the applicants do not need to undergo any additional documentation or provide collateral to get it approved. 

Ajman Bank offers credit card loans in different forms, including instant loans, cash in advance, and balance transfers. The cardmembers can go through the details of all the types of credit card loans on the bank’s website and choose the one that caters to their financial needs.

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Types of Ajman Credit Card Loans

Here are the types of Ajman Bank credit card loans that the applicants can opt for. 

  • Instant Cash Loan
  • Cash in Advance
  • Easy Instalment Plan
  • Balance Transfer

Instant Cash Loan

Ajman Bank enables cardmembers to get an instant cash loan against their credit card. They can apply for this loan both online and offline. Depending on their credit report, the cardmembers can get the loan amount even more than the total credit limit. They can convert the same into easy monthly EMIs and make repayments based on their financial preferences. 

Particulars

Ajman Bank Credit Card Cash Loan Details

Eligibility

Ajman Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and repayment capability of the cardmembers and approves their loan applications accordingly. The cardmembers are informed about the same via email or SMS sent by the bank.

Documentation

The card members need not submit any additional documents for pre-approval.

Interest Rate

Ajman Bank credit card loan interest rates are communicated by the bank.

Cash in Advance

Ajman Bank also enables cardmembers to avail of cash in advance benefits against the available credit card limit. The cardholders can apply for this type of loan through online banking or mobile banking portal. They can withdraw cash of up to 90 percent of their available credit limit to meet their financial requirements. They need to call the Ajman Bank credit card loan contact number 800 22 to apply for the same. 

Particulars

Ajman Bank Credit Card Cash Loan Details

Eligibility

Ajman Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and repayment capability of the cardmembers and approves their loan application accordingly. The cardmembers are informed about the same via email or SMS sent by the bank.

Documentation

The cardmembers need not submit any additional documents for pre-approval.

Loan Tenure

Up to 36 months

Interest Rate

Ajman Bank credit card loan interest rates are communicated by the bank.

The loan amount gets disbursed into the cardmembers’ bank account. If they do not have a bank account with Ajman Bank, they can provide external bank account details in the application form.

Easy Instalment Plan

Ajman Bank credit card members can avail of easy installment plans tp pay for their high-value purchases with great ease. The bank offers this facility on shopping with some selective retailers. The card members first make the purchase and contact the Ajman Bank credit card loan contact number 800 22 to convert their transactions into installments based on their financial preferences.

Particulars

Ajman Bank Credit Card Cash Loan Details

Eligibility

Ajman Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and repayment capability of the cardmembers and approves their loan application accordingly. The cardmembers are informed about the same via email or SMS sent by the bank.

Documentation

The cardmembers need not submit any additional documents for pre-approval.

Loan Tenure

3 to 6 months

Interest Rate

Ajman Bank credit card loan interest rates are communicated by the bank.

Balance Transfer

Ajman Bank credit cardholders can also use balance transfer services to pay other bank credit cards’ outstanding bills. With this service, the cardmembers can consolidate and transfer their other bank credit card’s outstanding amount to the Ajman Bank credit card for convenient repayments. They can convert the total outstanding amount into monthly EMIs and repay the same based on their financial preferences.

Particulars

Ajman Bank Credit Card Cash Loan Details

Eligibility

Ajman Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and repayment capability of the cardmembers and approves their loan application accordingly. The cardmembers are informed about the same via email or SMS sent by the bank.

Documentation

The cardmembers need not submit any additional documents for pre-approval.

Loan Tenure

Up to 36 months

Interest Rate

Ajman Bank credit card loan interest rates are communicated by the bank.

How to Apply for a Loan Against Ajman Bank Credit Card?

Here are the major ways that applicants can use to apply for an Ajman Bank credit card loan.

  • Bank’s Branch
  • Online Banking
  • Mobile Banking App
  • Phone Banking
  • Bank’s Website

Bank’s Branch

The applicants can visit one of the nearest Ajman Bank branches to apply for a credit card loan. They need to fill out the application form and verify their identity to complete the application. 

Online Banking

The existing Ajman Bank customers can apply for Ajman Bank credit card loans by logging into their online banking portal. On the portal, they need to go to the credit cards section to check the credit card loan details like interest rate, tenure options, processing fees and more before applying for the loan. 

Mobile Banking App

The existing Ajman Bank customers can download the bank’s mobile banking app and log in to the same using their banking credentials to apply for a credit card loan. The applicants need to provide their details by filling out the application form in the mobile application.

Phone Banking

Ajman Bank customers can also call the customer service helpline to apply for a credit card loan. The bank’s representative will contact the applicant and disburse the loan amount in their bank account if everything goes right.

Bank’s Website

The applicants can also visit Ajman Bank's website and fill in the online application form to apply for a credit card loan. After submitting the form, they need to wait for one of the bank’s representatives to contact them and help complete the process. 

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Modes of Disbursal of Ajman Bank Credit Card Loan

Here are the modes of disbursal of an Ajman Bank credit card loan.

  • Ajman Bank Account
  • Cheque via Post
  • ATMs/CDMs
  • External Bank Account

Ajman Bank Account

The existing Ajman Bank customers can provide their bank account details in the application form and get the loan amount disbursed into the same within two working days from the approval date.

Cheque via Post

If the cardmembers do not have a bank account with Ajman Bank, they can also get the loan amount in the form of a cheque. The bank sends this cheque to the registered postal or residential address of the applicant. The cardmembers need to choose an appropriate mode of disbursal in the application form to get the loan via cheque.

ATMs/CDMs

The credit card members can get their loan amount added to their credit card balance. They can withdraw the same by simply swiping their credit card at one of the bank’s ATMs or cash deposit machines. The card members may need to pay a processing fee for such transactions. 

External Bank Account

The cardholders who do not have a bank account with Ajman Bank can also request the bank to disburse the loan amount into their external bank account. An additional processing fee may be applied to such transactions. The cardmembers need to provide their non-Ajman bank account details in the application form.

How to Repay Ajman Bank Credit Card Loans?

Here are a few simple ways in which applicants can repay their credit card loan with great ease.

  1. Bank Account
  2. External Bank Account
  3. Online Banking
  4. Mobile Banking
  5. Exchange House
  6. Bank’s Branch

Bank Account

The borrowers can pay their Ajman Bank credit card loan instalments through their Ajman Bank accounts. The borrower needs to add the loan account number as a beneficiary in the Ajman bank account and make hassle-free repayments. 

External Bank Account

If the borrower has a non-Ajman bank account, they can add their credit card loan account as a beneficiary and pay their EMIs in just a few clicks through internet banking or mobile banking.

Online Banking

The existing Ajman Bank customers can also make their loan repayments through online payment methods. All they need to do is log in to their internet banking portal and go to the credit cards section for quick repayments. 

Mobile Banking

The existing Ajman Bank customers can also download the bank’s mobile banking app and register on the same to use the banking services. They need to log in to the mobile app using their banking credentials and go to the credit cards section to pay their loan EMIs. 

Exchange House

Ajman bank credit card members can also repay their loan installments by visiting one of the nearest exchange houses. They can simply get in touch with one of the bank’s representatives and pay their EMIs via cash or cheque. The chosen exchange house may charge an additional fee on such transactions.

Bank’s Branch

The borrowers with no access to the internet can also visit Ajman Bank’s branch to make quick and hassle-free credit card loan repayments. They need to contact one of the bank’s representatives, provide their loan details, make the payment, and get a receipt for the same.
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FAQ's on Ajman Bank Credit Card Loans

Are there any extra charges levied on Ajman Bank credit card loans?

The bank charges a certain amount of processing fee while processing the Ajman bank credit card loan application.

Can all the Ajman Bank credit card members get a credit card loan?

Not all Ajman Bank credit card members can get a loan against their credit card. The bank goes through the repayment history of the applicants and provides the service only to those with a good credit report.

What are the factors that affect my eligibility for an Ajman Bank credit card loan?

Your loan repayment history, credit rating, income level, etc. are the major factors that affect your Ajman Bank credit card loan eligibility.

What documents do I need to provide when applying for an Ajman Bank credit card loan?

Ajman Bank credit card loans are mostly pre-approved. So, you do not need to provide any additional documents. All you need to do is verify your identity and provide your signature to complete the verification process.

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