Bank News
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Posted by Money Mall Team on March 2, 2019
How to manage your credit score in UAE?
Tips to manage your credit score in UAE?
Category : Bank News &Credit Score
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Posted by Money Mall Team on October 13, 2018
MoneyMall aims to drive financial Inclusion in MEASA region
MoneyMall aims to drive financial Inclusion in MEASA region
Category : Bank News &Credit &Personal Finance
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Posted by Money Mall Team on September 14, 2018
How to Check your Credit Score in UAE?
What is my Credit Score? How to check your Credit Score in UAE?
AECB office in either Dubai or Abu Dhabi will provide you Credit score while you visit, you need to provide your Emirates ID and other Identification documents along with a request form.Category : Bank News &Credit Score
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Posted by Money Mall Team on March 9, 2018
Understanding your Credit Report in UAE
What is a Credit Report? Credit Report is a document contains your personal identity information, details of your credit cards, loans, Utility bills and other credit facilities, along with your payment and bounced cheque history. What’s included in my credit report in UAE? Record of previous and current credit facilities. The amount you have borrowed and the repayment term chosen and the interest to be paid. Payment history for the last 2 years. There is detailed payment history section in your report that will mention the amount paid each month towards each loan. Overdue payments will also be mentioned. If there are any payments overdue as you missed paying them, then it will be mentioned in the credit report. Record of default, if any. If you have defaulted on your payment, it will show on your credit report. This is one of the major factors that lead to your loan application rejection. Credit Inquiries, All your recent applications and inquiries have done to the different financial institutions. What does my Credit Report data use for? Banks will use your credit report and score to decide whether to lend you money and the interest rate at which to lend based on […]
Category : Bank News &Blog &Credit &Credit Card &Personal Finance
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Posted by Money Mall Team on April 8, 2017
First Abu Dhabi Bank – FGB & NBAD Merger Created Largest bank of MENA
The National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) announced on Sunday they have merged to become First Abu Dhabi Bank. In a joint statement, the banks said their merger was legally completed on April 1, and the merged bank began trading on the Abu Dhabi Securities Exchange under the ticker symbol NBAD. Shares in the merged National Bank of Abu Dhabi and FGB – now known as First Abu Dhabi Bank – jumped on Wednesday as investors welcomed its forecast of higher profitability and a doubling of cost savings. The bank said in an investor presentation published on its website that cost synergies are forecast at Dh1 billion, twice the initial estimate of Dh500 million. They would occur over a period of three years and would be driven by a reduction in branches and headcount. At the same time, the bank said it was targeting a higher-than-expected return on equity, a measure of profitability, of 16 to 17 per cent by 2020. Shares of the lender have rallied 9.1 per cent since Monday, closing 4.1 per cent higher at Dh11.35 on Wednesday Customers of First Abu Dhabi Bank will have to wait at least a year […]
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Posted by Money Mall Team on May 21, 2016
Top 5 tips to Manage your personal finances – know what exactly we want from our MONEY and how to value it!
Personal Finance – 5 tips to know what exactly we want from our MONEY and how to value it! TOP 5# Personal Finance Tips Tip No. # 1 – Keep questioning Ask, ask and ask! Yes, although it sounds very simple, knowing the exact purpose by being true to yourself and knowing it genuinely will make this exercise quite easy. To know exactly why money is important to you will guide you on every financial planning decision moving forward. One highly qualified medical consultant understood that money was important to her to spend more time with her family and kids specially. Then with the cooperation of her husband they were able to make those decisions that stuck well with their values. Some others may have than one big reason to start saving money and they can well justify those for their own well being. Tip No. # 2 – Know the point of start To know where you want to reach you need to know where you stand today. You should clearly know the amount of assets that you hold and what your liabilities are. This may sound very simple and easy, but you should detail everything as much […]
Category : Bank News &Personal Finance
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Posted by Money Mall Team on May 19, 2016
Personal Loans in UAE
Personal Loans in UAE Personal loans today are the preferred means of short term credit in the UAE. People prefer taking personal loans to using their credit cards for large expenditures like travel, purchasing large business assets, meeting expenses like weddings, college tuition, etc. Banks that offer personal loans in the UAE do so on the basis of two types of interest rates – flat rates and reducing rates. Flat rate of interest on a loan refers to when the interest and sum payable is calculated at the start of the repayment schedule, and does not change till the loan has been paid off. For example, A loan of AED 12,000 taken for a period of 12 months, means payments of AED 1,000 every month (without interest). Add to this the flat rate of interest at 5%, which equals AED 1,050 per month (with interest), for 12 months, which adds up to a total interest payment of AED600. Reducing rate of interest on a loan takes into consideration the fact that, after each instalment, the principal amount reduces. The interest percentage (which remains the same) is charged on the reduced amount, every month. Thus resulting in different instalment amounts each […]
Category : Bank News &Personal Finance
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Posted by Money Mall Team on December 2, 2014
Gold Rate in Dubai
Gold Rate in Dubai Today Rates Updated Everyday : Source & Credit Gulf news & Dubai Gold & Jewelry Group
Category : Bank News
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Posted by Money Mall Team on July 7, 2014
Personal Loan Without salary transfer – UNB PDC loan
Loans for the people having salary more than 10000+ AED No salary transfer required Loan for Non Listed company employees also
Category : Bank News &Personal Finance
