Check Eligibility for Mawarid Finance
Personal Loan

You are eligible to apply for a Mawarid Finance
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 10000 required to apply for a Mawarid Finance Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Mawarid Finance Personal Loan Calculator

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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Mawarid Finance Personal Loans in UAE

Check Eligibility for Mawarid Finance Personal Loan

You are eligible to apply for a Mawarid Finance
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 10000 required to apply for a Mawarid Finance Personal Loan .

Click here to check loans from other banks.

Mawarid Finance Personal Loan Calculator

Mawarid Finance Personal Loan Details
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)
Tenure 48 months
Arrangement Fees 1% of the approved loan amount
Early Settlement Fees AED 0 of the outstanding amount
Maximum Loan Amount AED 100K
Interest Rates Flat rate: 8% | Reducing rate: 14.64%
Minimum Salary AED 10000 per month

Features of Mawarid Finance Personal Loan

  • Maximum amount of loan AED 100,000 will be provided
  • Attractive interest rates
  • 1% of the loan amount approved is charged as arrangement fees
  • Both salaried and self-employed are eligible 

Eligibility Criteria of Mawarid Finance Personal Loan

  • Salaried individuals and Self-employed
  • Good credit score
  • Minimum age 21 years
  • Minimum salary required is AED 10,000

Documents Required of Mawarid Finance Personal Loan

  • Valid Visa and Passport
  • Emirates ID
  • 6 months bank statements
  • Salary certificate
  • Liability letter

Mawarid Finance Personal Loan Interest rates

Mawarid Finance Bank

1 Mawarid Finance Bank Personal Loans

Personal finance

Minimum Salary

AED 10K

Flat Rate

8%

Reducing Rate

14.64%

Loan Amount

AED 100K

Early Settlement Fee

AED 0

Arrangement Fee

1%

minimum salary

AED 10K

Minimum Salary

flat rate

8%

Flat Rate

reducing rate

14.64%

Reducing Rate

loan amount

AED 100K

Loan Amount

early settlement fee

AED 0

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Features

  • Get finance amount within three working days
  • The reduction rate and the flat rate is 14.64% and 8%. This denotes that the computation done was a division of the reduction rate by 1.83
  • The loan is provided for a interest rate of 14.64%

Features

  • Get finance amount within three working days
  • The loan is provided for a interest rate of 14.64%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 14.64% and 8%. This denotes that the computation done was a division of the reduction rate by 1.83
  • It is not mandatory to transfer your salary
  • Finance up to AED 100,000
  • Early settlement fee is AED 0
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 100,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • There is no early settlement fee

View details on bank page

Benefits

  • Salary transfer not required
  • 0 Early settlement fees
  • Easy and quick approval
  • Grace period of 30 days is provided

Frequently Asked Questions

Q. Is Mawarid personal loan confined to salaried employees?

A. No. Both salaried as well as self employed people can acquire this loan.

Q. What’s the early settlement fee on Mawarid personal loan?

A. No early settlement fee is charged on Mawarid personal loan.

Q. How can I meet my unexpected short term financial requirements using Mawarid personal loan?

A. Mawarid provides “Floosi” personal loan to meet your unexpected financial requirements

Q. Do I need to have a good credit score to avail a personal loan from Mawarid?

A. Yes. Good credit score is mandatory to avail this personal loan as it determines the cash management and previous performances.

Q. Is liability letter mandatory to get this personal loan?

A. Yes. Liability letter is mandatory to get this loan.

Q. What will be the time taken to approve my loan?

A. Your personal loan gets approved with 3 working days.

Q. What’s the grace period provided on Mawarid personal loan?

A. A grace period of 30 days is provided on Mawarid personal loan.

About Mawarid Finance

Mawarid Finance is a finance corporation which follows sharia-compliant laws. It was started in 2006 with a perception of providing services with Islamic principles such as Musharaka, Wakala, Istisna, Murabaha, Ijarah, Mudharabah, and Kafalah. And all these are lead by a complete Sharia board. It is the only independent finance company in UAE. It has a tagline “Falak Tayyeb” which dubs as “Consider it one,” representing it provides quick and customised services to its customers.

One of its aims is to provide support to SMEs (Small and Medium Enterprises) where 85% of companies in UAE come under this category.

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