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)
Receivables/Supply Chain Finance :
Factoring with Recourse 0.25% of invoice value Min AED 500/-
Export Factoring As per agreed terms
Invoice Discounting with Recourse 0.25% of invoice value Min AED 500/-
Invoice Discounting Backed by PDC 0.25% of invoice value Min AED 500/-
Supply Chain Finance/Reverse Factoring 0.125% of invoice value Min AED 150/-
Cheque return - Borrower AED 200/- per cheque
Cheque return - Third party/debtor AED 200/- per cheque
Extension of due date - PDCs Discounted AED 200/- per invoice/cheque
PDC handling charges AED 15/- per cheque
Premature Settlement of cheque discounted 1% of outstanding Principal Minimum AED 100/- per cheque
OD against POS :
Excess Limit Fee 100/- to be charged if excess is not cleared by 3rd of every month.
Funds transfer charges and related :
Fund transfer charge for non-approved debtors/non discounted invoices. AED 25/- per remittance
Telex Transfer – In UAE AED 25/-
Telex Transfer – outside UAE AED 100/-
TT return due to discrepancy AED 50/-
Miscellaneous :
Client statement - Additional AED 10/ per statement
Trade License Expiry - 31 to 60 Days AED 250/-
Trade License Expiry - Thereafter AED 350/-
Liability letter AED 100/-
Bank statement more than 6 months old AED 25/-
Balance Confirmation charges /Audit Confirmation AED 150/-
Closure of account AED 200/-
Outstanding PDC report AED 25/-
Request for copy of cheques – within one year AED 100/-
Request for copy of cheques – over one year 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.