|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|Citibank - Salary Transfer Loan||Minimum Salary: AED 8,000||Salary Transfer: Yes||Islamic Finance: No||Maximum Term: 4 Years||Flat Rate: 3.73%||Reducing Rate: 8.0%|
- Credit Insurance will repay the outstanding loan balance in case of the borrower's death and permanent total disability.
- This product features pre-approval and guaranteed insurance coverage provided by MetLife ALICO.
- There are no medical examinations required.
- A maximum premium of 2.01% on the loan amount will be added to the loan amount
- Loan Insurance premium outstanding will be settled against the pre-payment penalty in cases of pre-mature loan closures for such coverage unless customer assigns his/her existing life insurance policy
- Apply with your ID only
- Get decision in 24 hours
- Loans of up to AED 250,000 (Salary transfer to Citibank required)
- Loan amounts of up to 20 times of your salary
- Competitive interest rates (Reducing rate starting from 8% up to 15%)
- The flat rate equivalent based on the longest tenor is 3.73% and the longest tenor is 48 months.
- Monthly installments starting from as low as AED 220
- Approvals in 1 day
- Instant loan funding upon final approval
- Tenors from 6 months up to 48 months
- Optional Credit life insurance
- 1% of loan amount arrangement fee
- Salary transfer letter
- Last 3 months bank statements (with salary transfer)
- Minimum (fixed) monthly salary of only AED 8,000
- Passport Copy / Emirates ID Copy
- 6 months on the job or confirmed employment
- Salary transfer to Citibank
- The rate is calculated on a reducing basis and varies between 8% and 15% depending on customer income and loan amount
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Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.