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Mawarid Finance Personal Loan Calculator
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Mawarid Finance Personal Loans in UAE
Check Eligibility for Mawarid Finance Personal Loan
Mawarid Finance Personal Loan Calculator
|Mawarid Finance Personal Loan Details|
|Minimum Salary||AED 10000 per month|
|Interest Rates||Flat rate: 8% | Reducing rate: 14.64%|
|Maximum Loan Amount||AED 100K|
|Early Settlement Fees||AED 0 of the outstanding amount|
|Arrangement Fees||1% of the approved loan amount|
|Age||21 - 60 years(Expats) & 65 years(UAE Nationals)|
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
1 Mawarid Finance Bank Personal Loans
- 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.
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.
Get in touch with Mawarid Finance Bank Customer Care
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