Credit Bureau Consent, Welcome Offer & General Terms & Conditions
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SAMBA Salary Transfer Loan
Salary Transfer Loan
Features
- Repayment period is up to 4 years
- The loan is provided for at reducing rate from 6.5%
- Minimum salary of AED 5,000 is required
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 600,000.
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Loans up to 20 times your salary
- Loan amounts of up to AED 600,000
- Convenient repayment periods of up to 48 months
- Attractive interest rates
- Automatic eligibility for a Samba Credit Card
- No collateral or guarantor required
- Life insurance up to loan amount
Frequently Asked Questions
⭐ What are the important documents that are required to be eligible for Samba salary transfer loan?
A. You require copy of valid passport and residence visa, Emirates ID and proof of income to be eligible for Samba salary transfer loan.
⭐ Do we get life insurance along with Samba salary transfer loan?
A. Yes, you get life insurance up to loan amount for the given finance.
⭐ What is the processing fee for the Samba salary transfer loan?
A. The processing fee for Samba salary transfer loan is 1% of the loan amount where minimum it can be AED 500 and maximum can be AED 2,500.
⭐ Can I use bank account that is already being used by someone in past?
A. No, you need to have your own account to apply for personal loan in Samba bank.
⭐ Are there any processing fees even on the top up loans?
A. Yes, on top-up loans a processing fee of 1% of the loan amount is charged.
SAMBA
Established in 1980 through a Royal decree and headquartered in Saudi Arabia, SAMBA has evolved into the region’s most acclaimed financial services group. Having a presence in GCC, Europe and South Asia including London, Dubai, Qatar and Pakistan, SAMBA is the most internationally awarded bank in Saudi Arabia and the Middle East. They follow the values of :
- Dedication to customers
- Commitment to employees
- Constant improvement approach
- Fulfilling Corporate Social responsibility
- Superior returns to investors
SAMBA offers a wide range of Shariah-compliant Personal Finance solutions to match the different requirements of customers
Get in touch with SAMBA Customer Care