Your details are safe and secured
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
Thank you for providing your details.Ajman Bank Personal Finance - Goods Murabaha for UAE Nationals
This product is invalid by the Bank
Personal Finance - Goods Murabaha for UAE Nationals
Features
- Required to submit bank account details for last 3 months
- Finance repayment period is upto 48 months
- The rates applicable depend on salary
- Only UAE Nationals can apply for this finance
- Required to submit quotation of the required goods addressed to Ajman Bank
- Minimum age of 21 years is required
- The loan is provided for a interest rate of 5.75%
- Minimum salary of AED 8,000 is required
- The reduction rate and the flat rate is 5.75% and 3.17%. This denotes that the computation done was a division of the reduction rate by 1.813
- It is a requirement to transfer your salary to apply
- Finance upto AED 3,000,000
- The early settlement fee is 1% of the outstanding amount to date
- Arrangement fee is 1% of loan amount
Benefits
- Specifically designed for buying goods such as furniture, electronics, home appliances, yachts, boats, motorcycles,building materials and machinery. Any goods not prohibited by Shariah
- Quick processing
- Simple documentation
- Pre-approved credit card with lifestyle benefits
- Repaying tenor of upto 4 years
- Low minimum salary requirement
- Takaful is offered free of cost
Frequently Asked Questions
⭐ What are the different goods on which we can get this scheme?
A. You can get this scheme on goods such as furniture, electronics, home appliances, yachts, boats, motorcycles,building materials and machinery. Any goods not prohibited by Shariah.
⭐ What is the maximum amount that Ajman can finance for UAE Nationals and expats?
A. The maximum amount that Ajman can finance for UAE Nationals is AED 3,000,000 and for expats is AED 1,000,000.
⭐ Do I have the option of continuing with my loan after one year?
A. Yes, in Ajman bank you have the option to renew your loan post one year.
⭐ Are there any additional charges on Ajman personal loan?
A. Yes, you'll be charged with processing fee while applying for personal loan which will be deducted from disbursal amount payable to you.
⭐ Can I get top-up loan on my existing personal loan?
A. Depending on your loan tenure after the payment of 8-18 months, we can offer you top-up loan.
Ajman
Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.
Ajman Bank Personal Finance is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin.
Get in touch with Ajman Bank Customer Care