| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Emirates NBD - Islamic Salary Transfer Financing
|
Minimum Salary: SAR 3,500 | Salary Transfer: Yes | Islamic Finance: Yes | Maximum Term: 5 Years | Flat Rate: 4.27% | Reducing Rate: 2.68% |
Convenience with complete peace of mind
Have complete peace of mind while getting high finance amounts and enjoying convenient Direct Debit repayments to help you achieve what's most important to you
- Shariah compliant
- Low Annual percentage rate starting from 5.75% (5 year tenor)*
- Financing up to SAR 3,000,000
- Monthly installments period up to 60 months
- Possibility of refinance after paying 20% of finance principal
- Personal Finance Balance Transfer from other banks available
- In case of customer's death or permanent disability, total outstanding finance amount will be waived
Example 1: For personal finance of SAR 200,000 over 60 months, the APR will be 5.32% and the monthly installment will be SAR 3,791.
Example 2: For personal finance of SAR 150,000 over 36 months, the APR will be 4.86% and the monthly installment will be SAR 4,479.
Example 3: For personal finance of SAR 100,000 over 12 months, the APR will be 4.21% and the monthly installment will be SAR 8,521.
*Management fees: 1% of finance amount (capped at SAR 5,000). Late payment fees: SAR 150. EMI deferment fees: SAR 100. APR may differ depending on the amount and maturity period different from the above examples and subject to credit scoring of each customer.
- Shariah compliant
- Low profit margin starting from 2.68% APR (5 year tenor)*
- Financing up to SAR 3,000,000
- Monthly installments period up to 60 months
- Possibility of refinance after paying 20% of finance principle
- Personal Finance Balance Transfer from other banks available
- In case of customer’s death or permanent disability god forbid, total outstanding finance amount will be waived
- Emirates NBD would like to offer you peace and comfort by providing a benefit of SAR 100,000 to your family in the event (God Forbid) of your death
- Copy of the ID for Saudi nationals and copy of Iqama/Passport for expatriates
- Employment Certificate confirming date of employment, monthly income and position held
- Letter from your employer of irrevocable assignment of salary to Emirates NBD (and End-of-Service Benefits for expatriates)
- Applicants must be employed in one of Emirates NBD approved private sector companies and government entities
- Applicant's age should be between 21-60 years
- Your monthly basic salary should be SAR 3,500 or above
- Your service period with your current employer should be 3 months or above
