Ajman Bank Personal Loan

Interestingly, this personal finance is categorised into different parts, allowing transparency and ensuring the availability of funds for different requirements.

Types of Ajman Bank Personal Loan

Here are the types of Ajman Bank personal loans available in the UAE —

Type	Description
Murabaha	With this product, you get Sharia-compliant cash access through Commodity Murabaha This Islamic financing method involves buying goods and selling them to you at a pre-agreed profit The markup can be fixed or a percentage of the cost, providing transparent and ethical financial support when you need it
Goods Murabaha	Whether you need new furniture, a gadget, or even a yacht, this Ajman Bank personal loan helps make it happen!  The bank purchases the goods and resells them to you through a Sharia-compliant process
Service Ijarah	The service Ijarah helps you secure funds for vacation, education, emergency, wedding, and other expenses Just like Murabaha, the bank purchases the requested service and lets you utilise it for a specific period — in return, you pay the rent for the same

What are the Features of an Ajman Bank Personal Loan?

Mentioned below are the key features of the types of personal finance offered by the Ajman Bank —

Feature Type	Murabaha	Goods Murabaha	Service Ijarah (Except Education and Hajj & Umrah Finance)	Service Ijarah — Education Finance	Service Ijarah — Hajj & Umrah Finance
Finance Amount for Expatriates	Up to AED 1,500,000	Up to AED 1,000,000	Up to AED 1,000,000	Up to AED 750,000	Up to AED 300,000
Finance Amount for UAE Nationals	Up to AED 5,000,000	Up to AED 3,000,000	Up to AED 3,000,000	Up to AED 750,000	Up to AED 300,000
Loan Repayment Tenure	Up to 48 Months	Up to 48 Months	Up to 48 Months	Up to 48 Months	Up to 48 Months

Eligibility Requirements for Ajman Bank Personal Loan

Refer to the table below to know your eligibility for the Ajman Bank personal loan in the UAE —

Eligibility Type	Murabaha	Good Murabaha	Service Ijarah
Nationality	UAE national and expatriate	UAE national and expat	UAE national and expat
Minimum Salary for UAE Nationals	AED 5,000	AED 8,000	AED 8,000
Minimum Salary for UAE Expatriates	AED 5,000	AED 6,500	AED 6,500
Status of Employment	Salaried	Salaried	Salaried

Ajman Bank Personal Finance — Documents Checklist

As per the bank’s requirements, you must submit the following set of documents for the Ajman Bank personal loan application processing —

Murabaha	Goods Murabaha	Service Ijarah
Emirates ID Passport UAE Residence Visa (for expatriates) Latest 3-6 Months’ Bank Statements Salary Certificate/ Salary Transfer Letter from Employer Duly Filled Application Form	Emirates ID Passport UAE Residence Visa (for expats) Latest 3-6 Months’ Bank Statements Salary Certificate/ Salary Transfer Letter from Employer Duly Filled Application Form Required Goods Quotation (must be issued to the Bank)	Emirates ID Passport UAE Residence Visa (for expats) Latest 3-6 Months’ Bank Statements Salary Certificate/ Salary Transfer Letter from Employer Duly Filled Application Form Required Goods Quotation (must be issued to the Bank)

Apply for a Personal Loan via Paisabazaar.ae

You can easily apply for a personal loan through Paisabazaar UAE. With us, you just need to make a few clicks to get the best options from multiple banks on your screen — all in one place!

Here’s how you can submit your application in these simple steps —

1. Fill out the lead form (click here to access)
2. Submit it to get directed to the quotes page
3. Go through the listed loans and choose one
4. Apply and await a response from us

Got questions regarding loans? Don’t worry, we are here to assist you. 

Call us at 800 728 4647 or drop an email at communication@paisabazaar.ae.

We offer you exclusive perks to make your loan selection better:

• Choose from a wide range of options across multiple banks
• Compare similar loans on the same platform and select one
• Get a dedicated expert assigned to guide you throughout the application process
• Instant and hassle-free loan process and documentation

Ajman Bank Personal Loan Calculator

Calculating monthly instalments before taking a loan eases your financial management and helps you plan your regular budget wisely.

You can easily estimate your monthly instalment amount with a personal loan calculator. This online tool, available for free, gives you the result within a second or two. All you need to do is simply enter the loan amount, repayment period, and interest rate for the calculation. This way, you not only save time but also get error-free results.

On Paisabazaar.ae, you can find an easy-to-use personal loan calculator. Our tool generates instant results and lets you reset the entered values to generate a new result as many times as you want. In fact, you can also find the instalments for multiple loans and choose from the best options.

Note: While the calculator is accurate, your actual instalment amount may still vary due to variations in the interest rate, which is finalised by the bank as per your loan terms, credit history, and more.

Ajman Bank Personal Loan — Fees and Charges

Here is a complete list of the fees and charges of the Ajman Bank personal loan —

Type of Fee	Charges
Processing Fee	1% of the finance amount —  Min — AED 500 Max — AED 2,500
Takaful Charges	1% of the finance amount
Finance Cancellation Fee	AED 100
Deferment of Instalment	AED 100
Late Payment Fee	2% of the delayed amount (maximum AED 200)
Final Settlement from Other Sources/ End of Service Benefits	1% of the outstanding amount or AED 10,000, whichever is lower
Liability Letter Fee	AED 60 per request
Early Settlement Fee	1% of the outstanding amount (up to AED 10,000)
Other (Audit Confirmation, Issuing Redemption Statements, Finance Copy, and so on)	AED 25 per request

Ajman Bank Personal Finance — Terms and Conditions

Some of the primary terms and conditions of the Ajman Bank personal loan are listed below —

• To secure your obligations under any finance documents, you (or the Security Provider(s), where applicable) must execute, deliver, and maintain all required security in accordance with the terms set out in the security documents.
• If the bank determines that any security provided is inadequate, has diminished in value, been destroyed, or has been subject to sale, lease, seizure, or any similar event, it may, at its sole discretion, request additional security. You must provide (or ensure the provision of) such additional security, to the bank’s satisfaction, within 5 business days of a written demand.
• All representations, warranties, or statements made by you or any other obligor in connection with the finance documents, or any related documents provided on your behalf, must be accurate and complete at the time they are made or repeated. If any such statements are found to be false, misleading, incomplete, or untrue — or if you fail to disclose any material information — the bank reserves the right to take appropriate action as outlined in the finance documents.
• If there are discrepancies between the details in any application form you submit and the information provided in certified copies of original official documents, the data on the certified documents will be deemed correct and take precedence.
• You are responsible for ensuring that all information provided to the bank is accurate, complete, and up to date at all times during the term of your obligations under the finance documents.

Note: Refer to the bank’s website for detailed T&C.

Frequently Asked Questions