Non- Salary Transfer Loan
Non-Salary Transfer Loan
This is a kind of a unsecured loan taken by individuals from a banking institution or a non-banking financial company (NBFC) depending on the basis of a person’s salary to meet their personal needs.
Description
Non-salary transfer loan is termed as a loan without a commitment of salary transfer to a particular bank. In many cases it is a little bit expensive when compared to Salary transfer loan and loan amount can only be a maximum of 5-8 multiples of salary.
Eligibility Criteria
Salary: 5k & above
Age: 21 to 60 years
Length of service: 6 months or confirmed.
Company: Open for both listed & non-listed companies.
AECB: Existing credit history is preferred, though not mandatory.
Mandatory Requirements
A valid copy of passport, Resident Visa and Emirates ID
Salary Certificate/Pay Slips
3 months bank statement
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