BMI offers loans for all those purchases that can help improve the quality of life of our customers, at rates that keep your financial convenience in mind. If you are interested in purchasing a car, doing up your house or studying abroad, and are looking for ways to finance your dream, a BMI loan may just be the answer.
- Available to all UAE residents.
- For U.A.E nationals, can get upto 30 times their salary, for expatriates, can be upto 15 times of their salary, with a maximum loan amount Dhs. 250,000/-
- Repayment period can be extended upto 7 years for U.A.E. national, and upto 60 months if you are an expatriate.
- Interest rates are very competitive.
- No penalty for early repayment of the loan amount.
- Processing charges are 1% of loan amount Min Dhs. 250/- Max. Dhs. 500/-
- Documentation required:
- Latest Salary certificate stating present salary, length of service & End of Service Benefits
- Passport copy with valid residence visa
- Letter from current employer confirming salary transfer and benefits to the Bank.
- Bank statement for the previous 3 months which should confirm salary given in employer's certificate.
All loans are subject to the Bank's terms, conditions and approval.
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