Effective 1st January 2023
| Product/Services | Tariff (Exclusive of VAT) |
|---|---|
| Retail Loans | |
| Processing Fees | 1% (Min AED 500, Max AED 2,500) |
| Early Settlement Penalty | 1% of the outstanding amount (Max. AED 10,000) |
| Insurance Fees | 3 % of the loan amount + interest (subject to min. of AED 500) |
| Interest Rate | As per AECB score |
| No Liability certificate | AED 100 |
| Liability letter | AED 100 |
| Deferment of Installment | AED 100/- |
| Loan Cancelation Fee | AED 100 |
| Loan Reschedule Fee | AED 250 |
| Credit Cards Platinum and World | |
| Monthly Interest Rate | Platinum Card 2.9%, World Card 2.9% |
| Annual Membership Fees | Platinum Card - Free, World Card - Free |
| Supplementary Card fee* | Platinum Card - Free, World Card - Free |
| Monthly regular E-Statement | Platinum Card - Free, World Card - Free |
| Cash withdrawal limit* | Platinum Card 80%, World Card 80% |
| Cash withdrawal fees per transaction | Platinum Card 2.9% fees (min AED 90), World Card 2.9% fees (min AED 90) |
| Late Fees | Platinum Card 230, World Card 230 |
| Over Limit Fees | Platinum Card 260, World Card 260 |
| Non-AED Transaction Fee | Platinum Card 2.7%, World Card 2.8% |
| Card replacement Fee | Platinum Card - AED 25, World Card - AED 25 |
| Cheque and Direct Debit return Fee | Platinum Card - AED 100, World Card - AED 100 |
| Copy of Sales voucher or purchase slip | Platinum Card - AED 25, World Card - AED 25 |
| Duplicate e-statement (per month statement) | Platinum Card - AED 15, World Card - AED 15 |
| Paper statement (per month statement) | Platinum Card - AED 25, World Card - AED 25 |
| Transaction Dispute investigation fee | Platinum Card - AED 25, World Card - AED 25 |
| Liability Letter Fee | Platinum Card - AED 50, World Card - AED 50 |
| OTHER INFORMATION | |
| Statement date (Every Month) | Platinum Card - 10th, World Card - 10th |
| Payment due date (from the statement date) | Platinum Card - 24 days, World Card - 24 days |
| Maximum repayment period* | Platinum Card - 54 days, World Card - 54 days |
| Min monthly payment (of monthly balance) | Platinum Card 5%, World Card 5% |
| SME/Corporate Finance | |
| Facility fees | As per agreed terms |
| Early settlement of loan/facility | As per agreed terms |
| Deferment of installment | 0.5% of facility amount |
| Commission on receivable finance per batch | As per agreed terms |
| Facility covenant breach | AED 1,000/- Per covenant |
| Facility fees | As per agreed terms |
| Post Dated Cheque (PDC) Discounting | |
| PDC handling charges | AED 25/- per cheque |
| PDC stop payment | AED 100/- per cheque |
| Replacement/premature withdrawal | AED 100/- per cheque |
| Processing fees for extension of due date | AED 250/- per cheque |
| PDC returned unpaid cheques | AED 200/- per cheque |
| Request for copy of cheques – within one year | AED 100/- |
| Request for copy of cheques – over one year | AED 200/- |
| Representment of returned cheque | AED 100/- |
| Business Accounts | |
| Express account opening | AED 500/- per request |
| Minimum monthly average balance | AED 10,000/- |
| Non-maintenance of monthly average balance | AED 500/- per month |
| Activation of dormant account | AED 1,000/- |
| Letter of Guarantee | |
| Commission at the time of issuance/reissuance | 1.5% Per Annum of guarantee amount |
| Amendment | AED 350/- per amendment |
| Cancellation of guarantee prior to expiry | AED 500/- per cancellation |
| Wage Protection System (WPS) | |
| Outward processing of salary | AED 5/- per record |
| WPS file processing fees | AED 50 per file |
| Funds transfer charges and related | |
| Telex Transfer in UAE – Online | AED 25/- |
| Telex Transfer in UAE – Offline | AED 75/- |
| Payment status enquiry | AED 50/- |
| Remittance message copy | AED 100/- |
| Sweep set up | AED 50/- per request |
| Standing order set up charges | AED 25/- per request |
| Cancellation/amendment standing order | AED 25/- per request |
| Standing instruction failure due to insufficient fund | AED 50/- per request |
| Miscellaneous | |
| Client statement | AED 50/- per month |
| Trade License Expiry - 31 to 60 Days | AED 500/- per month |
| Trade License Expiry - Thereafter | AED 750/- per month |
| KYC Expiry - 31 to 60 Days | AED 500/- per month |
| KYC Expiry - Thereafter | AED 750/- per month |
| Bank statement less than 6 months old | AED 50/- per month |
| Bank statement more than 6 months old | AED 100/- per month |
| Closure of account within 6 Months of opening | AED 500/- |
| Closure of account more than 6 Months of opening | NIL |
| No Liability letter | AED 350/- |
| Balance Confirmation charges /Audit Confirmation | AED 500/- |
| Various other letters and confirmations | AED 100/- |
| Tesla/internet banking set up one time | AED 1,000/- |
| Internet banking maintenance | AED 200/- per month |
| Account closure certificate | AED 250/- |
| Premature withdrawal of fixed deposit – In addition to the applicable penalty | AED 200/- |
| Disengagement letter for Factoring /POS facility | AED 350/- |
Important notice :
1) Effective from January 2018 all the fees, commission and charges are subjected to 5% Value Added Tax (VAT). Accordingly, applicable VAT shall be charged to the customer by the company.
2) Al Ain Finance PJSC may at any time at its sole discretion change and amend its fees, service charges, commissions, handling charges, the company shall give a prior notice to the customers on such changes and amendments in accordance with the general Terms and Conditions of granting facility/account opening.
