Samba Al Khair Salary Transfer Loan | MoneyCamel

Samba Al Khair Salary Transfer Loan

SAMBA

Samba Al Khair Salary Transfer Loan

Salary Transfer Loan
CAMEL VIEW
  • Convenient repayment periods of up to 48 months.
  • Shariah compliant.
  • For Salaried employees only.
  • Monthly income of at least AED 8,000 p.m.
FEATURES
Interest/Profit Rate 
26.00 % p.a.
Maximum Loan Amount 
AED 400,000
Maximum Loan Tenure 
48 Months
Minimum Monthly Income/Salary 
AED 8,000
Profession 
Salaried
Salary Transfer Mandatory 
Yes
FEES & CHARGES
Late Payment Fees 
AED 50
Early Repayment Fee 
1 % of Loan Outstanding
Rescheduling Fee 
AED 250
Life Insurance Fee 
1.5 % of Loan Outstanding
Loan Cancellation Fee 
AED 100
Processing Fee 
AED 500
ADDITIONAL INFORMATION
  • The rate varies between 9% and 26% depending on the Customer meeting certain criteria. This rate is calculated on a reducing balance

1% Processing Fee is levied (Minimum AED 500).

Finance is available up to 20 times your salary.

This is a Shariah compliant product with attractive profit rates.

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