Rent Finance Loan

Key facts

Concerned about meeting your yearly rent obligation? Don’t worry, we have a solution for you. Our bespoke Rent Finance Loan offers you the opportunity to pay your rent in twelve easy instalments.

Barclays will make a lump-sum payment on your behalf to your landlord, and you can then make repayments to Barclays on a monthly basis. It’s an offer which enables you to relax and pay your rent in manageable slices.

  • Convenient loans of up to AED 250,000

  • Quick and easy loan processing

  • Easy loan tenure of maximum 12 months

  • Multiple ways of repayment through post dated cheques or from your salary account with Barclays


Apply now


Call - +971 (0) 4 428 6000

SMS - LOAN to 3652

Visit us - Barclays Branches


 


What you need

Applying is easy; simply call Barclays and arrange a meeting with our Personal Financial Advisor at a location of your choice.

Documents required include(1)

  • Completed Application Form

  • Copy of passport

  • Valid UAE residence visa

  • Last three months bank statements

  • Salary certificate

  • Copy of tenancy contract (in applicant’s name)

  • Two undated security cheques from your salary account

  • One current dated cheque for finance charges equal to one installment

  • Post dated cheques (if making repayments via cheque)


(1) Documents required depend on individual circumstances additional documentation might be requested by Barclays as deemed necessary.

Fees and Charges

We try to keep our fees to a minimum and regularly benchmark our fees with those of our competitors to ensure you get a competitive loan offer.


Fees and Charges


Minimum Rate of Interest Not Applicable
Maximum rate of Interest Not Applicable
Minimum Processing Fee AED 500
Maximum Processing Fee AED 2,500
 Optional Insurance charges  0.5% P.A.
 Other charges  One months instalment amount an an upfront fee
 Instalment Postponment Fees  Not Available
 Late Payment Fees  2% on overdue amount with minimum AED 50.00 and maximum AED 200.00
 Liability certificate  AED 100
 Loan Cancellation Fees  AED 100


Prepayment Fees (Full / Partial - charged on the outstanding amount)


Through own resources 1%
Through End of service Benefits 1%
Through a top-up loan NIL
Through debt consolidation (another loan from Barclays) 1%
Through another banks facility 1%