Personal - Salary Transfer Loan
It is an unsecured loan taken by individuals from a financial institution, mainly a bank based on their salary for personal use. The interest rate for such a loan is much lower than the non-salary transfer loan. The employer should issue the STL in a proper format that specifies the notification, EOSB & gratuity & clearance clause in it.
Eligibility Criteria
- Salary: AED 5k & above.
- Age: 21 to 65 years.
- Length of service: 3 months or confirmed.
- Company: Primarily for listed companies. But can be arranged for non-listed companies on a special case.
- AECB: Existing credit history is preferred, though not mandatory.
Mandatory Requirements
- A valid copy of Passport, Resident visa, and Emirates ID.
- Salary transfer letter from the company.
- 3 months bank statement.
Salary Transfer Loan - Apply Online Now
Fill in your details and our officer will call you for more details.