No. | Description | Fees/Charges |
---|---|---|
1 | Arrangement Fee | 1.5% of the loan amount (minimum AED 10,000) |
2 | Early Settlement Fees | If normal closure; 2% of outstanding loan. If debt take over by other financial institutions; 5% |
3 | Loan Liability Letter | AED 300 |
4 | Delayed Payment Penal Interest | 2% per month or part thereof on past due amount |
5 | Interest Rate | @ 3.5% above 3 month EBOR (minimum 10% p.a.) |
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