Rent Ijarah

Overview

  • Finance for UAE Nationals and Expatriates
  • Finance amounts of up to 20 salary multiples
  • Flexible payment tenures
  • Financing available to salaried and self-employed customers
  • Competitive profit rates
  • Quick processing
  • Nominal processing fees

If mounting rents are creating burden for you and sometimes you fee difficulties to pay rents on time then Al Wifaq Rent finance is the right product for you.

It is offered under Ijarah mode of finance. It is tailored to meet your all rent related needs.

Fees and Tariffs

Processing fee  
1% of the principal loan amount (min AED 500 – max 2,500)  
Early settlement charges  
1% of outstanding balance  
Partial payment charges  
1% of partial payment amount  
Postponement fee  
AED 100 per deferment  

Eligibility

Applicants must be:

  • - Minimum Salary AED 10,000 p.m.
  • - Age criteria 21+ years.
  • - Length of Service Confirmed or 6 months.

Terms and Conditions

Terms & Conditions Apply

Al Wifaq reserves the right to change the profit rates, fees and tariffs, charges and terms and conditions at its own discretion, without any prior notice.

Discover more offers