Consolidate all your debt into one single monthly payment

Pay back all your loans in single, convenient monthly payments with One Pay

One monthly payment, better interest rates

If you’re struggling with multiple monthly loan payments at other banks, One Pay can make your life a lot easier. Transfer all your loans and credit card payments to us and pay back through one simple, yet effective solution and benefit from preferential interest rates.

One Pay gives you:

One payment plan for all your existing debts
One monthly payment that is convenient for you

Here’s an example of how One Pay can reduce your monthly payments:

In this example, the new monthly payments (or EMIs) are calculated based on a new, extended tenure. This makes the payments more manageable and will reduce monthly payments by AED 7,051. You don’t have to extend the tenure if you don’t want to. Here's an example

Existing monthly payments (AED)	Credit card 1	Credit card 2	Personal loan	Car loan	Total	One Pay
Existing balance / limit	20,000	25,000	100,000	80,000	225,000	225,000
Monthly payment / EMI	2,000	2,500	4,568	3,582	12,650	5,599

Benefits

Free premium credit card for the first year
Zero-balance bank account and debit card
Increased loan eligibility with a co-applicant option

*Applicable on loan amounts of AED 150,000 and above

Eligibility

For salaried individuals only. No salary transfer needed.
Minimum salary: AED 10,000
Maximum finance amount: AED 1,000,000
Maximum term: 48 months

Interest rates

Reducing rate: Starting from 5.24% p.a.
Flat rate: 88% p.a.

*These rates are subject to change at any time.

Fees and insurance

Processing fees: 1% of the finance amount (minimum: AED 500; maximum: AED 2,500)
Early settlement fees: 1% of the outstanding amount
Insurance: 24% (It comes with double credit life coverage)

*These rates are subject to change at any time.

Other conditions

No Islamic finance
Holiday period: deferment option for two non-consecutive installments per year

Documents required

Passport copy with resident visa page
Emirates ID and copy
Proof of residency or utility bill
Security cheque
Credit card statements (where applicable)
Last 3-month bank statement
Latest salary certificate or salary transfer letter

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