Abu Dhabi Islamic Bank ADIB – El Yosr Employees Loan

Features

• The minimum age should not be less than 21 years old and the maximum age is 65 years old
• The banking Finance program is compliant with Islamic law
• Finance up to 50% of the burden
• An easy and quick approval process
• Takaful life Insurance lasting till the program tenor ends
• No down payment required
• Salary transfer is required

Documents Required

• Valid National ID for Egyptians
• Valid residence permit or valid passport for foreigners
• Recent residence utility bill (maximum 3 months)
• Commitment letter to transfer the salary from the employer
• HR letter
• Loan Application form

Fees & Charges

• 2.5% administrative fee
• 5% for early payment calculated on the unpaid amount
• 2% for late payment fee per instalment
• 0.0005% proportional stamp duty collected quarterly