All that need to know
Here we have listed some of the common and frequently asked questions for your reference. This information will help you in better understanding and choose the best fit financial products.
If you need more information, don't hesitate, our smart financial experts are just a call away.
Definitely a big YES! Withdrawing cash using a credit card is as simple as withdrawing cash using a debit card from an ATM.
Yes, banks do charge fees the amount varies depending on the bank you choose. The ATM withdrawal will show up as a cash advance on your credit card statement. That means the amount of cash you get at the ATM will be subject to an immediate cash advance APR, and usually a cash advance fee.
Prioritizing your spend is the first and important step. Some other tips are,
- - Make a note of all the debts to be paid
- - Paying the card bill with the least balance
- - Getting a credit card with low APR
- - Converting outstanding bill to EMIs
- - Paying off your bills on a regular basis
Cash withdrawals can’t be converted into installment plans. It’s available exclusively for selective purchase.
It’s is applicable only for the prime card holder.
It entirely depends on the bank you choose.
If you are satisfied with our tie-up service. You should send us a copy of your recent bank statement. Generally, we would guide you on this as soon as you agreed to your purchase.
Some bank sends reminders to avoid this situation. While others do mark you on your credit score. A single missed payment can reduce your credit worthiness.
It totally depends on the bank you choose, Top-up loan can also be availed when you opt for balance transfer (shifting your loan from one lender to another). In either case, you can apply after a repayment track record of minimum 1 year of your existing loan.
It depends on the bank you opt, your income, other debt, and credit score. The better your credit score and the higher your income, the more money you can borrow.
Different banks may ask for different documemts as per their policy. Here is the list of some commonly asked documents,
- - Completed application form
- - Copy of passport
- - Copy of Emirates ID
- - Salary transfer letter/ salary certificate
- - Bank statements of 3-6 months
The maximum loan tenor for Personal Loan is 48 months. For Ministry of Defense employees, the maximum tenor offered is at 60 months.
A clearance letter, also commonly known as a 'No Liability letter' is a legal document issued by the bank stating that the customer has paid off and settled all outstanding dues.
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