|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|Union National Bank - House Rent Loan||Minimum Salary: AED 10,000||Salary Transfer: No||Islamic Finance: No||Maximum Term: 1 Years||Flat Rate: 5.0%||Reducing Rate: 9.0%|
A personal loan from Union National Bank that meets your House Rent requirements. Apply for the special loan where you can choose the terms and benefits yourself with instant approval, competitive rate of interest and flexible repayment periods.
- Loan to meet the House Rent requirement
- Interest rate Starting from 9%
- No Salary Transfer
- Maximum Term: 12 months
- Maximum Loan Amount: up to 200.000 AED
- Fees and Charges: 1% of the loan amount
- Loans for existing lease agreements as well as new lease agreements
- Minimum Salary required: 10.000 AED
** 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.