Effective 1St September 2021
| 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 (subject to min. of AED 500) |
| Interest Rate | As per AECB score |
| SME/Corporate Finance | |
| Facility fees | As per agreed terms |
| Early settlement of loan/facility | As per agreed terms |
| Deferment of installment | 1% of deferred amount or AED 5,000 per month whichever is higher |
| Commission on receivable finance per batch | 0.35% of invoice value Min AED 500/- |
| Facility covenant breach | AED 1,000/- Per covenant |
| Facility fees | As per agreed terms |
| Early settlement of loan/facility | 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/- |
| Fall below fees | 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 fees | 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 50/- |
| 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 |
| Direct debit registration | AED 25/- per request |
| Direct debit claim process | AED 3/- per request |
| Direct debit claim cancellation | AED 25/- 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/- |
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.
