Apply for a partial finance settlement
You can clear part of your Emirates Islamic Personal/Home Finance at any time
You can clear part of your Emirates Islamic Personal/Home Finance at any time
You can clear part of your Emirates Islamic Personal/Home Finance at any time.
You can request to repay a lump sum for your Personal or Home Finance at any time. This can reduce your monthly installments or the tenure of your finance, whichever you prefer. Please note that fees and charges apply if you make partial settlement on your finance.
Conditions to apply for a partial finance settlement:
You can apply for a partial finance settlement through one of the channels below:
Place your request at least 5 working days before your next payment date to make sure it’s processed on time.
Personal Finance: 1.05% of payment made (Maximum AED 10,500)
Home Finance
All above charges are inclusive of Value Added Tax (VAT).
Refer to our Schedule of Charges to learn more about the Finance Fees and Charges.
Your first installment needs to be paid before you can apply for partial finance settlement.
Partial settlements must have a value of at least 3 installments.
There is no maximum amount you can pay for a partial settlement of your finance when you submit your request by email or at a branch.
The number of requests depends on the bank's approval.
After making a partial settlement, either the tenure or the installments are reduced.
To partly settle or early settle the finance outstanding of your Home Finance with the Bank, you can:
Note: In the event of partial settlement of the outstanding finance amount, the Bank offers the customer the option to choose between maintaining the same instalment amount or the same balance tenor.
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