Overview.
Debt Consolidation Loan is a loan taken to pay off all your existing liabilities. All existing loans and credit cards will be consolidated into a single loan that is more favourable. The new loan might come at a lower rate of interest, flexible tenure terms and better benefits. A Debt Consolidation Loans can be used as an effective way to pay off debt.
Features
- Attractive loan amounts up to AED 1 Million
- Competitive interest rates
- Flexible repayment terms
- Personal Life Insurance coverage
Eligibility
- Salaried Employee earning minimum salary of 7,000
- Applicant must be 21 years of age or above
- The applicant must hold a valid passport copy and UAE residence visa
Required Documents
- Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)
- 3/6 month bank statements showing salary credit
- Salary certificate letter addressed to respective bank
- Application form duly filled & signed by customer
Fees and Charges
The rate of interest depends upon your salary however there is also a processing fee for 1% and insurance fee of 1.25% once you are approved for loan, which can be vary within different banks.
Apply Online Now
Fill in your details below and bankers will call you back with more details
Choose a specific product to match your need!
