Samba Salary Transfer Loan | MoneyCamel

Samba Salary Transfer Loan

SAMBA

Samba Salary Transfer Loan

Salary Transfer Loan
CAMEL VIEW
  • Convenient repayment periods of up to 48 months.
  • Life Insurance up to Loan amount.
  • Monthly income of at least AED 8,000 required.
  • Minimum salary requirement of 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.

You also get life insurance cover up to the loan amount.

Finance is available up to 20 times your salary.

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

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