Salary Transfer Loan

Key facts

Get what you want, now, easily and conveniently with our Salary Transfer Loan. Transfer all your financial concerns to us and relax through our highly flexible and convenient Salary Transfer Loan. 

  • Quick and easy loan processing

  • Competitive rates and charges

  • Easy loan tenure, to a maximum of 48 months

  • Option of flexible monthly repayments

  • Payment protection insurance - In case of unforeseen circumstances and involuntary loss of employment

  • A free Current or Saving Account with Debit Card and/or Cheque Book facility





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 & Charges

Minimum Rate of Interest 6.49%
Maximum rate of Interest 15.49%
Processing Fees 0.75% of the loan amount
Minimum Processing Fees AED 500
Maximum Processing Fees AED 2,500
Insurance charges 0.25% p.a.
Top up Loan Fee 0.75% on incremental amount
Top up Loan Insurance charges 0.25% p.a. on incremental amount
Late Payment Fees 2% on overdue amount with minimum AED 50.00 and maximum AED 200.00
Liability / No Liability / Clearance 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 1%
Through debt consolidation (another loan from Barclays) 1%
Through another banks facility 1%