Fees and Charges

Minimum Rate of interest 9.99%
Maximum Rate of interest 14.99%
Processing Fees 1% of the loan amount
Minimum Processing Fees Not applicable
Maximum Processing Fees Not applicable
Insurance charges Not applicable
Other charges AED 15 per cheque as PDC handling charges
Instalment Postponement Fees AED 200
Returned cheque charges AED 250
Late Payment Fees AED 250
Penal interest charge +3% of the rate on the overdue amount