Appendix No. (1)
C 29/2011 Effective from 29/3/2011Interest rates charge on Loans
| Interest Rate Range | |
|---|---|
Interest/profit on a personal loan (p.a.) - from AED 0 – AED 50 k - from AED 51 k – AED 100 k - from AED 101 k – AED 200 k - above AED 200 k |
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Interest/profit on a car loan (p.a.) - from AED 0 – AED 50 k - from AED 51 k – AED 100 k - from AED 101 k – AED 200 k - above AED 200 k |
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Interest/profit on overdrafts (p.a.) - from AED 0 – AED 30 k - from AED 31 k – AED 50 k - from AED 51 k – AED 100 k - above AED 100 k |
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Interest/profit on unpaid balance on credit card (p.m.) - from AED 0 – AED 30 k - from AED 31 k – AED 50 k - from AED 51 k – AED 100 k - above AED 100 k |
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