Personal - Other Bank Buyout
It is a form of personal loan which allows the individuals to buyout their existing liabilities from one bank to another, either to avail higher loan amount or for a better interest rate. 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.
Mandatory Requirements
- A valid copy of Passport, Resident visa, and Emirates ID.
- Salary certificate addressed to the respective bank.
- Liability letter from the existing bank.
- 3 months bank statement.
Other Bank Buyout - Apply Online Now
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