Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Commercial Bank International - Revolving Overdraft Commercial Bank International - Revolving Overdraft Minimum Salary: AED 8,000 Salary Transfer: Yes Islamic Finance: No Maximum Term: 0 Years Flat Rate: 0% Reducing Rate: 0%
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The Revolving Overdraft Facility offers you the convenience and flexibility to fulfill your financing needs.

A CBI Revolving Overdraft Facility is offered only to customers who work for a CBI approved company and transfer their salary to CBI.
Features
  • Interest rate of 2.17% p.m.
  • The facility is useful to fulfill your short term financing needs in case of an emergency.
  • Convenient, Simple and Quick Processing of documentation.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
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Simplylife - Salary Transfer Loans
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AED 5000
Flat Rate
4.17%