Effective from January 1, 2018 all the charges, fees and commission are subject to 5% Value Added Tax (VAT)
| Product/Services | Tariff (Exclusive of VAT) |
|---|---|
| SME/Corporate Finance: : | |
| Facility fees | 2% of the facility amount |
| Early settlement of loan/facility | 3% of outstanding amount minimum AED 5,000/- |
| Deferment of installment | AED 500/- per month |
| Commission on receivable finance | 0.50% of invoice value Min AED 500/- |
| Commission on supply chain finance/reverse factoring | 0.25% of invoice value Min AED 250/- |
| PDC handling charges | AED 15/- per cheque |
| PDC stop payment | AED 75/- per cheque |
| Business accounts: | |
| Minimum monthly average balance | AED 10,000/- |
| Fall below fees | AED 500/- per month |
| Sweep set up | AED 25/- per request |
| Standing order/standing instruction set up charges | AED 25/- per request |
| Cancellation/amendment standing order | AED 25/- per request |
| Direct debit set up fees | AED 25/- per request |
| Direct debit claim process | AED 3/- per request |
| Letter of guarantee : | |
| Commission at the time of issuance/reissuance | 1% of guarantee amount |
| Amendment fees | AED 200/- per amendment |
| Wage Protection System (WPS) charges : | |
| 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/ Manual | AED 50/- |
| Telex Transfer outside UAE | AED 100/- |
| Cancellation of Remittance (Already remitted) | AED 100/- |
| Payment status enquiry | AED 50/- |
| TT return due to discrepancy | AED 50/- |
| Full text swift message | AED 100/- |
| Miscellaneous : | |
| Client statement | AED 25/ per statement |
| Trade License Expiry - 31 to 60 Days | AED 250/- |
| Trade License Expiry - Thereafter | AED 350/- |
| Liability letter | AED 150/- |
| Bank statement more than 6 months old | AED 75/- per month |
| Balance Confirmation charges /Audit Confirmation | AED 250/- |
| Tesla/internet banking set up one time | AED 1,000/- |
| Internet banking maintenance | AED 200/- per month |
| Closure of account within 6 Months of opening | AED 500/- |
| Outstanding PDC report | AED 25/- |
| Request for copy of cheques – within one year | AED 100/- |
| Request for copy of cheques – over one year | AED 100/- |
| Premature withdrawal of fixed deposit – In addition to the applicable penalty | AED 200/- |
Important notice : Al Ain Finance may at any time and 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.
