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Thank you for providing your details.Ajman Bank Education Finance (NSTL)
Features
- Required to submit bank account details for last 3 months
- Length of service should be confirmed or should have worked 6 months before applying for this scheme
- Finance repayment period is up to 48 months
- Quotation of the required services addressed to Ajman Bank
- The rates applicable depend on salary
- Minimum age of 21 years is required
- The loan is provided for a interest rate of 5.75%
- Minimum salary of AED 10,000 is required
- The reduction rate and the flat rate is 5.75% and 3.17%. This denotes that the computation done was a division of the reduction rate by 1.813
- It is a requirement to transfer your salary to apply
- Finance up to AED 1,000,000
- The early settlement fee is 1% of the outstanding amount to date
- Takaful is offered free with this scheme
- Arrangement fee is 1% of loan amount
Benefits
- Processing is quick
- Simple documentation
- You get free pre-approved credit card with lifestyle benefits
- Repaying period of up to 4 years
- Minimum salary requirement is low
- Takaful is offered free of cost
Frequently Asked Questions
⭐ I am a student. What if during my course I am not able to repay my loan?
A. All the education loans offer moratorium period during which student need not have to pay any loan installment. It is only after 6 months of course completion you need to start repaying your loan.
⭐ What if I want to pay more than the EMI will I be charged any penalty fee for that?
A. No, there won't be any charges for paying more than the EMI.
⭐ What extra benefits do we get along with this finance?
A. You get pre-approved credit card with lifestyle benefits along with this finance.
⭐ Who is eligible for Ajman Bank Education finance?
A. The applicant who are aged 21 and above are eligible to apply for Ajman Bank Education finance.
⭐ What all documents do we need while applying for this finance?
A. You'll need quotation of the required services addressed to Ajman bank, application form, salary certificate, copy of Emirates ID and valid passport.
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