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No. Description Fees/Charges
1 Arrangement Fee 1.5% of the loan amount (minimum AED 10,000)
2 Early Settlement Fees If normal closure; 2% of outstanding loan.
If debt take over by other financial institutions; 5%
3 Loan Liability Letter AED 300
4 Delayed Payment Penal Interest 2% per month or part thereof on past due amount
5 Interest Rate @ 3.5% above 3 month EBOR (minimum 10% p.a.)