Finance

Finance	Personal Finance	Car Finance
Profit Rate for Expatriate (VAT not applicable)	3.18% to 19.61% (Equivalent Reducing rate 5.99% to 31.99%)	3.18% to 5.99% (Equivalent Reducing rate 5.99% to 9.99%)
Profit Rate for Emirati (VAT not applicable)	3.18% to 7.19% (Equivalent Reducing rate 5.99% to 12.99%)	3.18% to 5.99% (Equivalent Reducing rate 5.99% to 9.99%)
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
Life Takaful fee for Expatriate Covers outstanding finance amount of the customer in case of death. The beneficiary of the insurance / takaful cover will be the bank and bank will use the claim amount to settle customer`s outstanding finance. w.e.f 1st January'22	Free coverage	N/A
Life Takaful fee for Emiratis - New Finance Covers outstanding finance amount of the customer in case of death. The beneficiary of the insurance cover will be the bank and bank will use the claim amount to settle customer`s outstanding finance. w.e.f 20th January `23 for loans/finance tenor up to 60 months.	Free coverage	N/A
Life Takaful Fee for Emiratis- for greater than 60 months Finance Covers outstanding finance amount of the customer in case of death. The beneficiary of the insurance / takaful cover will be the bank and bank will use the claim amount to settle customer`s outstanding finance. w.e.f 1st January'22 till 20th January`23	0.01911% 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
Trade Fee	AED 525	N/A
Other (finance copy, Issuing redemption statement, audit confirmation etc)	AED 26.25	Nil

Finance	Home Finance
Profit Rate for Expatriate (VAT not applicable)	Profit Rates linked to EIBOR
Profit Rate for Emirati (VAT not applicable)	Profit Rates linked to EIBOR
Processing Fee	1.05% of the Finance Amount for Residential Financing
Processing Fee for Additional Finance	1.05% of the additional amount/Subject to offer
Life (Takaful) Insurance charges (VAT not applicable)	0.17% p.a. of the finance amount/Subject to offer
Property (Takaful) Insurance charges (Service Agency Agreement)	Up to 0.063% per annum of the property value /Subject to offer
Postponement Fee	N/A
Late Payment Fee (Payable to Charity)	AED 735
Pre-termination Compensation (Residential)	Lower of Fee as per offer letter 1% of the repayment amount. AED 10K.
Pre-termination Compensation (Commercial)
Through other Banks	3.15% of outstanding for first 5 years and 2.10% post 5 years.
Additional Finance Facility	NIL
Through own Sources	In case of settlement via Own funds/Sale of property 3.15%% of settlement amount during Fixed rate period. 2.10% of settlement amount within first 5 years post fixed rate period, thereafter 1.05% of the settlement amount
Partial Settlement from all sources including EOSB	NIL
Re-validation Fee	AED 525
Property Evaluation Fee	AED 2625
Pre-approval Charges	AED 1050
Temporary/Permanent Release / Clearance Letter	AED 99.75
Liability Letter addressed to other Bank	AED 89.25
Change of PDC / Recovery Account	Nil
Issuance of NOC	AED 157.5
Non-standard statement production / copy of original documentation	AED 105
Request of other letters	AED 94.5
Other Certificate	AED 78.75

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Schedule Of Charges