CBI Salary Transfer Personal Loan

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CBI Salary Transfer Personal Loan
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Description

A little help to achieve your goals and enjoy more of what you love. Achieve your goals sooner with a little help when it’s needed.

Eligibility and Criteria

Minimum Salary must be AED 8000 or Above.

Minimum age of the applicant should be 21 Years at the time of application and should not Exceed 60 Years of age at the time of Loan Maturity.

Applicant should completed 6 months in the Company or should be a confirm Employee.

Applicant with Low Credit Score or if a defaulter will not be considered as eligible.

Rates and Fee

Interest rate starting from 6.99% Reducing.

Processing Fee is 1% of loan amount (Min. AED 500, Max. AED 2,500)

Insurance Fee is 1.05% 

Early Settlement Fee is 1% of remaining balance.

Documents Require

Completed application form.

Valid passport and UAE resident’s Visa for expatriates.

Valid Emirates ID.

Your last three month’s bank statement.

Salary transfer letter.

Liability or clearance letter (when switching loan from another lender).

Salary certificate.

Other Details

Maximum Tenure of repayment is upto 48 Months.

Maximum loan amount of up to AED 500,000 or up to 20 times the multiple of your salary.

Salary Transfer to CBI Bank is Mandatory.

Optional Pre-Approved award-winning Rewards Credit Card.

Optional overdraft facility on your Current Account.

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