Tailor-made loan for Self Employed Professionals such as doctors, accountants, engineers and architects.
- Competitive interest rates starting from 18.99% reducing or 10.01% flat
- Competitive interest rates starting from 18.99% reducing
- Repayment period of up to 48 months
- Minimum 1 year length of business
- Loan amount up to AED 300,000
- Valid Passport Copy with valid Resident Visa page
- UAE Nationals: Ibara page of UAE Nationals
- Original Emirates ID and Emirates ID copy
- Proof of Residency or Utility Bill
- Updated Security Cheque
- Credit Card Statements (Where applicable) Salaried Individual
- Latest 3 Months Bank statement
- Latest Salary Certificate / Salary Transfer Letter Self Employed
- Latest 6 Months Bank statement
- Trade License
- MOA (Memorandum of Association)
- POA (Power of Attorney) Loan to Minor
- Attested copies of guarantor/co borrowers Passport and Visa, Emirates ID, Trade License & Income Details
- Self Employed Professionals like Doctors, Architects, Chartered Accountants, and Engineers:
- Minimum 6 months average balance: AED 20,000
- Minimum Length of Business: 1 year
- Maximum Tenor: 4 years
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.