Top-up Loan
Reem Finance wishes to provide an alternative for existing borrowers from banks who wish to obtain additional funding, commonly called “top-up” finance. We require no salary assignment so existing bank facilities and arrangements can be left untouched.
There are two other very important factors that should convince a borrower that the Reem Finance product is a far better alternative than topping up. These are:
- The amount of cash made available to you, for the same loan amount, will be up to 20% higher with Reem Finance. This is because of the fees that banks charge.
- The overall cost will be less with the Reem Finance facility.
Our sales staff will be pleased to demonstrate the comparative cost so you are fully aware of all charges and obligations of our product. There is no catch to this product; it can save your money and actually give the cash you need, not a disappointing amount credited to your account net of charges.
Features
- Finance available to original loan amount(maybe more)
- High finance amount paid to customer
- Flexible tenure up to five years
- Salary transfer not required
- Insurance available
- Competitive rates
Required Documents
For the Customer
- Valid Passport Copy(With valid Visa for expats)
- Recent Salary Certificate
- Recent Bank Statements (Last three months)
- Car Registration Book(for used cars) or Customs Book
- Copy of current loan document
For the Guarantor(not always required)
- Valid Passport Copy(With valid Visa for expats)
- Recent Salary Certificate
- Recent Bank Statements (In case of deductions from guarantor's bank account)
For more information on the product and its details contact our Consumer Finance unit today!