Finance |
Personal Finance |
Car Finance |
Profit Rate for Expatriate (VAT not applicable) |
3.45% to 19.61%
(Equivalent Reducing rate 6.49% to 31.99%)
|
3.45% to 5.50%
(Equivalent Reducing rate 6.49% to 10.01%)
|
Profit Rate for Emirati (VAT not applicable) |
3.18% to 7.19%
(Equivalent Reducing rate 5.99% to 10.01%)
|
3.45% to 5.50%
(Equivalent Reducing rate 6.49% to 10.01%)
|
Processing Fee |
1.05% of the finance amount |
1.05% of the finance amount |
Processing Fee for Additional Finance |
1.05% of the finance amount |
N/A |
For Expatriates - Life (Takaful) Insurance charges for Finance up to 48 months (60 months for Armed Forces)
w.e.f 16th Oct`20 |
0.29% of the finance amount |
N/A |
For Emiratis - Life (Takaful) Insurance charges
w.e.f 16th Oct`20 |
0.01764% of the outstanding finance amount per month** |
N/A |
Property (Takaful) Insurance charges |
N/A |
N/A |
Postponement Fee |
AED 105 per postponement |
AED 105 per postponement |
Late Payment Fee (Charity) |
2% of the delayed amount |
2% of the delayed amount |
Minimum |
AED 52.50 |
AED 52.50 |
Maximum |
AED 210 |
AED 210 |
Pre-termination Compensation* |
Through other Banks
|
1.05% of settled amount or AED 10,500, whichever is lower
|
1.05% of settled amount or AED 10,500, whichever is lower
|
Additional Finance Facility |
1.05% of settled amount or AED 10,500, whichever is lower
|
NA |
Through own Sources |
1.05% of settled amount or AED 10,500, whichever is lower
|
1.05% of settled amount or AED 10,500, whichever is lower
|
Partial Settlement from all sources including EOSB |
1.05% of settled amount or AED 10,500, whichever is lower |
1.05% of settled amount or AED 10,500, whichever is lower |
Temporary/Permanent Release / Clearance Letter
Turnaround time 7 working days |
N/A |
Nil |
Liability Letter addressed to other Bank
Turnaround time 7 working days |
AED 63 |
AED 63 |
Change of Number Plate |
N/A |
NIL (security deposit of AED 200 for individuals & AED 500 for companies) |
Change of due date on standing instruction |
Nil |
AED 26.25 |
Change of PDC / Recovery Account |
Nil |
Nil |
Finance rescheduling fee |
AED 262.50 |
AED 262.50 |
Finance cancelation fee |
AED 105 |
AED 105 |
Agency Fee |
AED 525 |
N/A |
Other
(finance copy, Issuing redemption statement, audit confirmation etc)
|
AED 26.25 |
Nil |