Personal Finance Programs for U.A.E Nationals

Personal Finance Program for governmental sector employees:

Conditions:

• Should be 18 years and above
• Minimum net salary should be AED 2000
• Period of service is not required

Features:

• Approved by Ajman Credit Union’s Sharia Committee
• Competitive profit margin rates
• Repayment period is up to 60 months
• For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
• Instant initial approval

Personal Finance Program for military sector:

Conditions:

• Should be 18 years and above
• Minimum net salary of AED 2000
• 12-months service period for those whose salary is between AED (2000 – 4999)
• No service period is required for those whose salary is AED (5000) and above
• Retirement age for military ranks must be considered

Features:

• Approved by Ajman Credit Union’s Sharia Committee
• Competitive profit margin rates
• For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
• Repayment period is up to 60 months
• Instant initial approval

Personal Finance Program for large corporations employees:

Conditions:

• Should be 18 years and above
• Minimum net salary of AED 5000 and above
• Period of service is not required
• A letter from employer confirming the salary assignment to Ajman Credit Union

Features:

• Approved by Ajman Credit Union’s Sharia Committee
• Competitive profit margin rates
• For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
• Instant initial approval
• Repayment period is up to 60 months

Personal Finance Program for private sector employees:

Conditions:

• Should be 18 years and above
• Minimum net salary of AED 5000
• 6-months service period for those whose salary is between AED (5000 – 14999)
• 3-months service period for those whose salary is AED (15000) and above

Features:

• Approved by Ajman Credit Union’s Sharia Committee
• Competitive profit margin rates
• For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
• Instant initial approval
• Repayment period is up to 60 months

Personal finance program for employees of non-approved companies list:

Conditions:

• Should be 18 years and above
• Minimum net salary of AED 8000
• Minimum period of service is 6 months
• Salary transfer to Ajman Credit Union through SARIE system
• A letter from employer confirming the salary assignment to Ajman Credit Union

Features:

• Finance of up to AED 500,000
• Repayment period is up to 60 months
• Approved by Ajman Credit Union’s Sharia Committee
• Competitive profit margin rates
• For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
• Instant initial approval