UAE bank offers loans of up to 20 times a client's monthly salary

Emirates Islamic says special promotion applicable to customers with monthly salary of AED7,500 and over
UAE bank offers loans of up to 20 times a client's monthly salary
By Staff writer
Sat 07 Apr 2018 04:30 PM

Emirates Islamic has announced that customers can now avail personal finance up to 20 times their salary for a limited period.

The special promotion runs until May 8 when customers with salaries of AED7,500 and above can benefit, in addition to the option of an initial payment holiday, the bank said in a statement.

It added that this campaign is applicable to all types of customer needs - an existing customer who wishes to top-up their amount, a customer who wishes to transfer their finance to Emirates Islamic for a higher amount, or someone who is looking to borrow for the first time.

Wasim Saifi – deputy CEO, Consumer Banking and Wealth Management, Emirates Islamic said: “As we approach the holy month of Ramadan and subsequently the summer holiday season, our customers tend to seek a range of financial solutions for their varying needs.

"We are pleased to announce this offer whereby customers can avail up to 20 times their salary for personal finance. Moreover, with our fast turnaround times, high financing limits and seamless paperwork, we expect our customers to make the best of this offer, whether it is to settle debts, plan a holiday or invest back home.”

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