Last Updated on 07 February 2019

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 Business Term Deposit

Ajman Bank Bank

Business Term Deposit

Interest Rate

0.93%

Min Balance to Maintain

AED 10K

Yes

Approval Time

3 Days

Ajman Bank
interest rate

0.93%

Interest Rate

min balance

AED 10K

Min Balance to Maintain

Yes

Currency Account

approval time

3 Days

Approval Time

 

Required Documents

  • Application form
  • Trade Licence
  • Valid passport and Copy of Visa
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Emirates ID
  • Salary transfer letter from employer
  • Address proof

Main Benefits

  • Free Debit Card
  • Free Cheque Book
  • Free Teller Transaction
  • Free Quarterly Statement
  • Fully Shariah Compliant

Frequently Asked Questions

⭐ If I fault in repayment of loan, will it affect my co-applicant’s credit history?

A. Yes, if you default in repayment, it will affect your co-applicant’s credit history also.

⭐ Do I need to provide any guarantor or collateral to apply for business finance in Ajman Bank?

A. As long as you have good credit history, you don’t have to provide collateral to apply for business finance in Ajman Bank.

⭐ What will be my payment schedule in Ajman Bank?

A. Your payment schedule can be daily,weekly and monthly basis in Ajman Bank.

⭐ Can I get access to use online banking services in Ajman bank?

A. Yes, you get access to online banking services with which you can view your statements.

⭐ Does Ajman Bank charge on using ATM machines?

A. No, Ajman Bank will not charge you for withdrawing cash from any of the ATM’s in UAE.

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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