United Arab Bank Cash Flow Personal Loan

  • Minimum Salary AED 10,000
  • Flat Rate
    2.18%
  • Reducing Rate 3.99%
  • Max. Term 1 Years
  • Salary Transfer No
  • Islamic Finance Yes

Description

United Arab Bank 's Cash Flow Loan helps you meet your short-term financial obligations like your home rent and education fees at attractive rates.

Major Advantage: No Minimum length of service required

Points to Consider: Repayment period is 1 year only

Features

Major Feature: This loan can be used for payment of rent and/or education fees

Minimum Salary Requirement:

  • AED 10,000 for salary transfer customers
  • AED 20,000 for non- salary transfer customers

 

Reducing Rate:

  • 3.99% p.a. for salary transfer customers
  • 8.99% p.a. for non-salary transfer customers

 

Flat Rate: 2.18% p.a.

Processing Fees: (Max AED 2,500)

  • 0.45% of the finance amount for salary transfer customers
  • 0.75% of the finance amount for non-salary transfer customers

 

Maximum Finance Amount: AED 400,000

Islamic Finance: Yes and conventional also available

Maximum Term: 1 Year

Salary Transfer: Not Compulsory

Early Settlement Fees: 1% of outstanding amount

Insurance: 

  • 0.45% for salary transfer customers
  • 0.75% for non-salary transfer customers

 

Holiday Period: No

Salaried/Self Employed: Only Salaried can apply

Documents Required

For rent loan:

  • Draft Tenancy contract copy.
  • Landlord ownership document copy (title deed, SPA, oqood etc.).
  • For Non-salary transfer customers, direct debit mandate is required.
  • One-month salary transfer proof required.
  • Passport, Visa and Emirates ID copy. 

 

For education loan:

  • Institute enrollment document copy (ID Card, Letter from institute or Invoice).
  • Fee details copy.
  • For Non-salary transfer customers, direct debit mandate is required.
  • One-month salary transfer proof required.
  • Passport, Visa and Emirates ID copy.   

Additional Info

  • All info mentioned can change at any point in time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Reducing rate is converted into Flat rate as per 1-year calculation.
  • Terms and conditions apply.

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