Emirates Islamic Bank (EIB), the Islamic banking arm of Emirates NBD Group, a leading financial services organisation in the region, announced today, the launch of a banking package for new entrants to the UAE. The package includes personal and vehicle finance up to Dhs75,000 and credit cards with one monthly salary limit, along with various account options and online banking facilities. The special offers have been devised to facilitate new entrants to the UAE or New-to-Job employees to meet their financial commitments and settle into the new environment.
“As a customer-focused bank, Emirates Islamic Bank is always on the lookout to develop special finance offers that will assist our customers to meet their immediate and long-term financial requirements,” said Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic Bank and Dubai Bank.
“The special finance packages are being offered to help new expatriates in the country, and UAE Nationals and expatriates on new jobs to cope with the expenses of setting up home, organising their conveyance and settling down.
As per the terms, New-to-UAE and New-to-Job applicants can avail of personal finance up to Dhs75,000 or a maximum of five times their monthly salary from Emirates Islamic Bank.
The personal finance offer, which comes with zero processing fees, is available to applicants who are new to the UAE or on a new job, earn a minimum monthly salary of Dhs10,000, and have at least one salary credited into their account. Both expatriates and UAE nationals taking on their first or new job can take advantage of this scheme.