Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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Ajman Bank Service Ijarah

Ajman Bank Bank

Service Ijarah

Minimum Salary

AED 8K

Flat Rate

4.13%

Reducing Rate

7.5%

Loan Amount

AED 3000K

Early Settlement Fee

1%

Arrangement Fee

1%

minimum salary

AED 8K

Minimum Salary

flat rate

4.13%

Flat Rate

reducing rate

7.5%

Reducing Rate

max finance

AED 3000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

View details on bank page

Features

  • Required to submit bank account details for last 3 months
  • Minimum age of 21 years is required
  • Length of service should be confirmed or should have worked 6 months before applying for this scheme
  • Finance repayment period is upto 48 months
  • The rates applicable depend on salary ​​
  • Copy of passport is required (with residence visa)
  • The loan is provided for a interest rate of 7.5%
  • A minimum salary of AED 8000 is required for UAE Nationals.
  • A minimum salary of AED 6500 is required for expats.
  • The reduction rate and the flat rate is 7.5% and 4.13%. This denotes that the computation done was a division of the reduction rate by 1.815
  • It is not required to transfer your salary to apply
  • Finance up to AED 3000000 for UAE Nationals, AED 1000000 for Expats
  • The early settlement fee is 1% of the outstanding amount to date
  • Arrangement fee is 1% of loan amount

Benefits

  • Quick processing
  • Simple documentation
  • Pre-approved credit card with lifestyle benefits
  • Repaying tenor of upto 4 years
  • Low minimum salary requirement
  • Takaful is offered free of cost

Frequently Asked Questions

⭐ How can I obtain my security PDCs from Ajman bank?

A. You can raise a request within 30 days of closure of the loan if you wish to obtain security PDCs.

⭐ Is it possible to extend the due date of my repayments?

A. Yes you can extend the due date of your repayment only if your repayment dates do not match your salary dates.

⭐ How is the rate calculated for the given finance?

A. The rate is calculated on a reducing balance for the given finance.

⭐ Who can apply for an Ajman Bank Education finance?

A. The applicant must be aged 21 and above to apply for Ajman Bank Education finance.

⭐ How can I check my loan balance in Ajman bank?

A. You can check your loan details by visiting Ajman bank's official website. Bank will be sending you your payment figures via email to keep you updated

Ajman

Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.

Ajman Bank Personal Finance 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.

   Get in touch with Ajman Bank Customer Care

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