Features and Benefits

• Maximum finance amount up to 20 times salary for UAE Nationals
• Maximum finance amount up to 10 times salary for Expatriates
• Competitive profit rate
• Repay your finance over 48 months
• Free Debit/ATM card

Fees and Charges

• Processing Fee 1% of finance amount minimum AED 500 and maximum AED 2,500

Eligibility

UAE Nationals:

• Available to customer minimum 21 years of age and 65 years of age at maturity of finance
• For applicants under the age of 21, a Guardian can act as Guarantor and sign on your behalf
• Salary transfer to NBQ is required
• No minimum service period required with your current employer
• Minimum monthly salary criteria applies

For Expatriates:

• Available to customer minimum 25 years of age and 55 years of age at maturity of finance
• Salary transfer to NBQ is required
• Minimum length of service of 2 years with your current employer
• Minimum monthly salary criteria applies

Documents Required

• Valid Copy of passport and emirates ID
• Documents showing monthly salary transfer (e.g. salary transfer letter, bank Statement)
• Other documents may be requested at the discretion of the bank.

Subject to the terms and conditions of Islamic banking unit – National Bank of Umm Al Qaiwain