| Product/Services | Tariff (Exclusive of VAT) |
|---|---|
| Retail Loans | |
| Processing Fees | 1% (Min ê 500, Max ê 2,500) |
| Early Settlement Penalty | 1% of the outstanding amount (Max. ê 10,000) |
| Insurance Fees | 3 % of the loan amount + interest (subject to min. of ê 500) |
| Interest Rate | As per AECB score |
| No Liability certificate | ê 50 |
| Liability letter | ê 50 |
| Deferment of Installment | ê 100/- |
| Loan Cancelation Fee | ê 100 |
| Loan Reschedule Fee | ê 250 |
| Credit Cards Platinum and World | |
| Monthly Interest Rate | Platinum Card 2.9%, World Card 2.9% |
| Annual Membership Fees | Platinum Card - Free, World Card - Free |
| Supplementary Card fee* | Platinum Card - Free, World Card - Free |
| Monthly regular E-Statement | Platinum Card - Free, World Card - Free |
| Cash withdrawal limit* | Platinum Card 80%, World Card 80% |
| Cash withdrawal fees per transaction | Platinum Card 2.9% fees (min ê 90), World Card 2.9% fees (min ê 90) |
| Late Fees | Platinum Card 230, World Card 230 |
| Over Limit Fees | Platinum Card 260, World Card 260 |
| Non-ê Transaction Fee | Platinum Card 2.7%, World Card 2.8% |
| Card replacement Fee | Platinum Card - ê 25, World Card - ê 25 |
| Cheque and Direct Debit return Fee | Platinum Card - ê 100, World Card - ê 100 |
| Copy of Sales voucher or purchase slip | Platinum Card - ê 25, World Card - ê 25 |
| Duplicate e-statement (per month statement) | Platinum Card - ê 15, World Card - ê 15 |
| Paper statement (per month statement) | Platinum Card - ê 25, World Card - ê 25 |
| Transaction Dispute investigation fee | Platinum Card - ê 25, World Card - ê 25 |
| Liability Letter Fee | Platinum Card - ê 50, World Card - ê 50 |
| OTHER INFORMATION | |
| Statement date (Every Month) | Platinum Card - 10th, World Card - 10th |
| Payment due date (from the statement date) | Platinum Card - 24 days, World Card - 24 days |
| Maximum repayment period* | Platinum Card - 54 days, World Card - 54 days |
| Min monthly payment (of monthly balance) | Platinum Card 5%, World Card 5% |
| SME/Corporate Finance | |
| Facility fees | As per agreed terms |
| Early settlement of loan/facility | As per agreed terms |
| Deferment of installment | 0.5% of facility amount |
| Commission on receivable finance per batch | As per agreed terms |
| Facility covenant breach | ê 1,000/- Per covenant |
| Facility fees | As per agreed terms |
| Post Dated Cheque (PDC) Discounting | |
| PDC handling charges | ê 25/- per cheque |
| PDC stop payment | ê 100/- per cheque |
| Replacement/premature withdrawal | ê 100/- per cheque |
| Processing fees for extension of due date | ê 250/- per cheque |
| PDC returned unpaid cheques | ê 200/- per cheque |
| Request for copy of cheques – within one year | ê 100/- |
| Request for copy of cheques – over one year | ê 200/- |
| Representment of returned cheque | ê 100/- |
| Business Accounts | |
| Express account opening | ê 500/- per request |
| Minimum monthly average balance | ê 10,000/- |
| Non-maintenance of monthly average balance | ê 500/- per month |
| Activation of dormant account | ê 1,000/- |
| Letter of Guarantee | |
| Commission at the time of issuance/reissuance | 1.5% Per Annum of guarantee amount |
| Amendment | ê 350/- per amendment |
| Cancellation of guarantee prior to expiry | ê 500/- per cancellation |
| Wage Protection System (WPS) | |
| Outward processing of salary | ê 5/- per record |
| WPS file processing fees | ê 50 per file |
| Funds transfer charges and related | |
| Telex Transfer in UAE – Online | ê 25/- |
| Telex Transfer in UAE – Offline | ê 75/- |
| Payment status enquiry | ê 50/- |
| Remittance message copy | ê 100/- |
| Sweep set up | ê 50/- per request |
| Standing order set up charges | ê 25/- per request |
| Cancellation/amendment standing order | ê 25/- per request |
| Standing instruction failure due to insufficient fund | ê 50/- per request |
| Miscellaneous | |
| Client statement | ê 50/- per month |
| Trade License Expiry - 31 to 60 Days | ê 500/- per month |
| Trade License Expiry - Thereafter | ê 750/- per month |
| KYC Expiry - 31 to 60 Days | ê 500/- per month |
| KYC Expiry - Thereafter | ê 750/- per month |
| Bank statement less than 6 months old | ê 50/- per month |
| Bank statement more than 6 months old | ê 100/- per month |
| Closure of account within 6 Months of opening | ê 500/- |
| Closure of account more than 6 Months of opening | NIL |
| No Liability letter | ê 350/- |
| Balance Confirmation charges /Audit Confirmation | ê 500/- |
| Various other letters and confirmations | ê 100/- |
| Tesla/internet banking set up one time | ê 1,000/- |
| Internet banking maintenance | ê 200/- per month |
| Account closure certificate | ê 250/- |
| Premature withdrawal of fixed deposit – In addition to the applicable penalty | ê 200/- |
| Disengagement letter for Factoring /POS facility | ê 350/- |
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.
