Ajman Bank Service Ijarah Personal Loan

Ajman Bank provides a range of Sharia-compliant products and services in the UAE. It offers personal and business bank accounts, loan and credit schemes, deposit schemes, and investment banking. Ajman Bank Service Ijarah is a type of Ajman bank personal loan that helps you access quick funds for your emergency requirements. Moreover, you get numerous features and benefits on your Ajman Service Ijarah to manage your funds efficiently. 

Features and Benefits of Ajman Bank Service Ijarah Personal Loan

Along with completely Sharia-compliant services, the bank offers various features to individuals for easy financial management.  Whether you need funds for your urgent medical treatment or children’s marriage, Ajman Bank service Ijarah is a highly suitable solution due to its offered benefits, as described below.

• High Financing Amount - With Ajman Bank Service Ijarah, you can get a high financing amount of up to AED 3 million if you are an Emirati. On the other hand, the maximum amount prescribed for ex-pats is AED 1 million. However, the final approved amount depends on the applicant’s personal and financial conditions. 
• Flexible Repayment Tenure - You can get flexible repayment tenure of up to 48 months with this Ajman Bank financial service for easy repayments at minimal strain. 
• Pre-Approved credit card – Ajman Bank offers you a pre-approved internationally accepted credit card for easy availability of funds. The credit card comes loaded with a range of lifestyle and shopping benefits across a range of outlets in the country. 
• Quick Approval and Easy Documentation – Individuals interested in Ajman Bank Service Ijarah get a hassle-free and streamlined application process with minimal documentation involved. 
• Ijarah for Hajj and Umrah - Ajman Bank Service Ijarah is also available for Hajj and Umrah for both UAE nationals and ex-pat residents. 
• Ijaraj for Education - To meet the financial requirements of your child's education, the bank offers to customise education loans in the form of Education service Ijarah and provides the loan at affordable profit rates and lenient eligibility criteria. 

Types of Ajman Bank Service Ijarah

Multiple types of Services Ijarah are offered by Ajman Bank. Based on your requirements, you can select one from the list. Here are the kinds of Ajman Bank Service Ijarah. 

Ajman Bank Service Ijarah - Education Finance 

To help you obtain education loans to ensure high-quality education for your child, the bank offers Education finance through Service Ijarah. The following are the features and benefits of Ajman Bank Service Ijarah - Education finance. 

• You can obtain a loan amount of AED 750,000 to pay the education fee 
• The loan is available to both UAE nationals and residents
• To acquire the loan, you need to have a minimum monthly salary of AED 6,500 as an Emirati and AED 8,000 as an expatriate living in the UAE
• The bank offers flexible loan tenure of up to 48 months
• Users get a pre-approved credit card with several lifestyle and shopping benefits 

Ajman Bank Service Ijarah - Hajj and Umrah Finance 

Ajman Bank also offers funds for Hajj and Umrah to ensure convenient pilgrimage and meet the associated expenses. Given below are a few features and benefits of Ajman Bank Service Ijarah - Hajj and Umrah Finance. 

• Funds up to AED 300,000 offered for Hajj and Umrah 
• The loan is available for UAE nationals and ex-pats
• A monthly income of AED 6,500 as an Emirati and AED 8,000 as an ex-pat is required to be considered eligible 
• Flexible loan tenure of up to 48 months
• Pre-approved credit card with shopping and lifestyle benefits

Eligibility Criteria to Apply for Ajman Bank Service Ijarah

Before you apply for Ajman Bank Service Ijarah, you need to satisfy the requirements as laid down by the bank. While the criteria may vary depending on the person, the general eligibility criteria to apply for Ajman Bank Service Ijarah are elaborated below:

• Age - To apply for Ajman Bank Service Ijarah, you must be 21 years old or above. The bank also has an upper age limit of 65-70 years depending on your employment status and payment capabilities. 
• Nationality - The bank offers Service Ijarah to UAE nationals as well as ex-pat residents. However, the amount of loan offered may depend on your nationality. Moreover, the loan approvals are subject to document submission, with additional documents often required for ex-pats. 
• Salary Requirement - To apply for Ajman Bank Service Ijarah, you are required to have a minimum monthly earning of AED 8,000 if you are a UAE national and AED 6,500 if you are an expatriate. 
• Employment Status - Ajman Bank Service Ijarah is available for both salaried and self-employed individuals. However, the document requirement may vary as per your employment status. 

Documents Required to Apply for Ajman Bank Service Ijarah 

You will need to collect the required documents once you fulfil the required eligibility criteria. The following is the list of documents you will be required to submit while applying for Ajman Bank Service Ijarah. 

For Salaried Individuals

For Self Employed Individuals

Original Emirates ID and a copy  Original passport ID along with a valid copy with a valid resident visa page (or the old passport if the visa is stamped on it)  Utility bills, rent, or lease agreement for the proof of address  The latest salary certificate addressed to Ajman bank or the latest salary slips as asked by the bank  Previous work-experience proof in case you switched your job within the last 3 years  Last 6-month bank statement if you don’t hold a salary transfer account in Ajman bank

Original Emirates ID and one copy of it  An original passport ID (with a valid copy) that has a valid resident visa page. If the visa is printed on your old passport, you would be required to produce your old passport. A valid copy of the trade license  Memorandum of Association including all amendments  Latest 6-month bank statement At least 2 years of audited financial statements of the business

How to Apply for Ajman Bank Service Ijarah?

Ajman Banks has employed advanced digital facilities to apply for banking products and services online. You can apply for Ajman Bank Service Ijarah online as well as offline. Here are the common ways to apply for the Service Ijarah. 

• Online Application - To apply online, you can visit the official website of Ajman Bank and navigate to the Service Ijarah section. You will find the details of the service Ijarah and an online application form there. Enter your contact and personal details in the application form and submit it. A bank representative will contact you regarding the further application process. 
• Offline Application - As an alternate method, you can visit the bank in person and apply for Ajman Bank Service Ijarah. Before leaving for the branch, you should collect all the required documents and carry them for a seamless process. You can contact a banking representative at the branch, fill out the offline application form, and submit it after attaching the required documents. 

In both modes, the bank reviews your application and connects with you in case you receive approval.

Why Choose Ajman Bank Service Ijarah in UAE?

Besides the bank’s reliability, you get a host of attractive benefits from Ajman Bank Service Ijarah. Here are a few reasons to choose the Service Ijarah by Ajman Bank. 

• You can enjoy low and competitive profit rates on Ajman Bank Service Ijarah 
• You get flexible loan tenure from 1 year to 4 years depending on your finances and repayment ability 
• Conveniently apply online or offline as per your ease 
• The bank has lenient salary requirements, with individuals having a salary above AED 8,000 allowed to apply for Ajman Bank Service Ijarah 

If you decide to go for a personal loan in UAE, comparing the best plans can prove beneficial to get the plan with the most features at affordable prices. The best way to do that is to visit the ‘Personal Loans in UAE’ section on policybazaar.ae. Once you decide on a plan, you can easily purchase it from our website without moving to any separate one for the process.

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