| Smart Loans |
|---|
| Processing fees Salaried | 1% of the principal loan amount (Min AED500) |
| Processing fees Self Employed | 2% of the principal loan amount (Min AED600) |
| Credit life insurance | 0.5%p.a. of principal loan amount |
| Delayed payment penal interest charges | Additional 3% p.a. over agreed/advised rate from the date of default (Min. AED50) |
| Deferment of installment | N.A. |
| Settlement through own resources/include End of Service Benefits (EOSB) | 3% of outstanding loan amount |
| Loans from ADCB | 1 % of outstanding loan amount |
| Loans through other banks | 5% of outstanding loan amount |
| Partial payment (maximum 2 installments) from all sources including EOSB | 3% of total pre-payment amount |
| Replacement of SI with PDCs OR change of ADCB account | AED 200 |
| Change of Due Date - on Standing Instructions | AED 100 |
| Change of Due Date - for PDCs | AED 100 |
| Cheque return or Funds insufficient/ per instance | AED 150 |
| Loan cancellation charges | AED 150 |
