• Dubai, United Arab Emirates

Description

Based on the contract of Salam, the Sharia Compliant Personal Finance can help you live the life you want, while at the same time ensuring you can afford it.

Major Advantage: High finance amount, Low salary requirement

Points to Consider: There is a processing fee

Main Features / Benefits

  • Major Feature: Free RAK BANK Credit Card free for life
  • Minimum Salary Requirement: AED 5,000
  • Reducing Rate (as advertised): 5.99% p.a.
  • Flat Rate: 3.18% p.a. (as per 4 years calculation)
  • Processing Fees: 1% of the finance amount (Min AED 500, Max AED 2,500)
  • Maximum Finance Amount: AED 1,250,000 (up to 20 times of salary)
  • Islamic Finance: Yes
  • Maximum Term: 48 Months; 60 Months for Armed forces employees
  • Salary Transfer: Compulsory
  • Early Settlement Fees: 1% of outstanding amount
  • Takaful: Yes, a nominal amount will be charged
  • Holiday Period: Yes, Client can apply for one-month deferment after 6 months payments
  • Salaried/Self Employed: Only Salaried can apply

Please Fill Up the form

Fill in your details below and a product advisor will call you back with more details.