Reducing Rate: 7.34%. For those who are looking for personal finance in UAE, Emirates Islamic Bank presents you with the opportunity to enjoy more from life with our personal finance solutions. Now, you don't need to wait to sort your personal finances. Avail our offering and make your dreams come true. This is an Islamic account by nature. There is no monthly fees on this account. This account can be opened in AED and USD.. There is no minimum balance required for this account, but to earn profits you need a minimum balance of AED 5000. You can earn upto 2% expected profit rate on AED currency and 1.25% profit rate on USD currency. The reduction rate and the flat rate is 14.51% and 8%. This denotes that the computation done was a division of the reduction rate by 1.813; Provides maximum finance amount of up to AED 20,000,000; Early settlement fee is 5% of the finance amount; Processing fee is 1.5% of the loan amount; Repayment period is up to 48 months Compare interest rates for fixed deposits from major banks in the UAE. Find the highest equivalent fixed deposit, time deposit, certificate of deposit and term deposit rates from the UAE, Middle East and around the world.
Get up to 25% cashback on 1,500 brands globally. Get unmatched benefits, discounts and privileges. Enjoy huge savings on all BMW models with Auto Finance rates from just 0.99% flat p.a. Emirates Islamic on 25th - 26th October. Terms & Conditions apply. Interest Rate on Emirates Islamic Bank Personal Loan The interest rate is the amount charged on the borrower by the banks or the lenders in exchange for lending funds. There are two types of the interest rate charged on the borrowed amount in the UAE- fixed and reducing.
Looks like a good interest rate, this could really help the people that other banks miss. Posted by Buhari SK on 05 Jun 2016. Overall Experience The applicant of an Emirates Islamic Bank personal loan has to meet the minimum age requirement of 21 years. Furthermore, Emiratis can avail of Emirates Islamic For those who are looking for personal finance in UAE, Emirates Islamic Bank Annual Percentage Rate (APR) is determined using the annual interest rate of
Shari'a compliant Wakala based profit bearing Account. Earn up to 2% p.a. expected profit rate for AED Currency and up to 1.25% p.a. expected profit rate for USD Currency, as per the deposit slab. Enjoy 2% p.a expected profit rate across all slabs for three months on AED and 1.25% on USD for new customers. Emirates Islamic provides Shari'a-compliant Wakala Fixed Deposit Account services at competitive rates with value-added benefits and dedicated relationship management. LOCATE CONTACT Fill your details in the form and get the Personal Finance you are eligible for. Get up to 25% cashback on 1,500 brands globally. Get unmatched benefits, discounts and privileges. Enjoy huge savings on all BMW models with Auto Finance rates from just 0.99% flat p.a. Emirates Islamic on 25th - 26th October. Terms & Conditions apply. Interest Rate on Emirates Islamic Bank Personal Loan The interest rate is the amount charged on the borrower by the banks or the lenders in exchange for lending funds. There are two types of the interest rate charged on the borrowed amount in the UAE- fixed and reducing. Reducing Rate: 7.34%. For those who are looking for personal finance in UAE, Emirates Islamic Bank presents you with the opportunity to enjoy more from life with our personal finance solutions. Now, you don't need to wait to sort your personal finances. Avail our offering and make your dreams come true.
Emirates Islamic offers personal finance solutions in UAE. High finance amount for Expats & Emiratis, flexible periods, low profit rates and quick approval.