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Ajman Bank Personal Finance for Hajj & Umrah for Expats (STL)

Ajman Bank Bank

Personal Finance for Hajj & Umrah for Expats (STL)

Minimum Salary

AED 6.5K

Flat Rate

5.51%

Reducing Rate

10%

Loan Amount

AED 300K

Early Settlement Fee

1%

Arrangement Fee

1%

minimum salary

AED 6.5K

Minimum Salary

flat rate

5.51%

Flat Rate

reducing rate

10%

Reducing Rate

max finance

AED 300K

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 6 months
  • Finance repayment period is up to 48 months
  • The rates applicable depend on salary ​​
  • Copy of passport is required (with residence visa)
  • Required to submit quotation of the required goods addressed to Ajman Bank
  • Minimum age of 21 years is required
  • The loan is provided for a interest rate of 10%
  • Minimum salary of AED 6,500 is required
  • The reduction rate and the flat rate is 10% and 5.51%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is a requirement to transfer your salary to apply
  • Finance up to AED 300,000
  • 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 up to 4 years
  • Low minimum salary requirement
  • Takaful is offered free of cost

Frequently Asked Questions

⭐ How can I monitor the status of my loan application in Ajman bank?

A. You can monitor the status of your loan application by providing your mobile number in your application. All the updates will be sent thru SMS to your number.

⭐ Once I have signed all my loan document. When will the loan proceeds to my Ajman account?

A. Proceeds will be credited to your account within one to two working days from your loan signing.

⭐ Is salary certificate a mandatory document to apply for personal loan?

A. Yes, customers salary certificate is a mandatory document to apply for this scheme.

⭐ Is Ajman personal loan secured or insecured?

A. Ajman personal loan is secured.

⭐ What are the mandatory documents to apply for this scheme?

A. The mandatory documents to apply for this scheme are Emirates ID, passport, application form, salary certificate, 6 months bank statement and quotation of the required services addressed to Ajman Bank.

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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