Effective 1St September 2021

Product/ServicesTariff (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
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.