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Mawarid finance

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Easy Cash (EC)

Instant access to cash, without the hassle of income documentation. Get funds directly into your UAE bank account and repay in easy instalments.

How it works:

  • This applies exclusively to cash withdrawal classified as Qard Hasan (benevolent Finance).
  • Card specific Cash Withdrawal Limit
      1. World Elite cards: Upto 90%
      2. World cards: Upto 90%
      3. Platinum cards: Upto 50%
      4. Titanium cards: Upto 30%
  • The withdrawal amount is evenly amortized over 6 Months tenor

Key Features:

  • Cash withdrawal facility up to 90% of credit limit from ATMs displaying the MasterCard logo
  • Repayment of Cash withdrawal amount in 6 equal monthly instalments.
  • Eligibility subject to Mawarid Finance’s internal policy.

Cash on Call (CoC)

Instant access to cash, without the hassle of income documentation. Get funds directly into your UAE bank account and repay in easy instalments.

How it works:

  • Request via Customer Care or digital channels.
  • Cash (up to 90% limit) credited to UAE bank account.
  • Equivalent amount blocked from your Credit Card limit.
  • Pay in fixed equal monthly instalments.

Key Features:

  • Cash credited to any UAE bank account.
  • Fixed instalment plan for up to 12 months.
  • Transfer up to 90% of your Card limit.
  • Eligibility subject to Mawarid Finance’s internal policy.
Apply Now

Balance Transfer (BT)

Clear your other bank credit creditCard balances and repay in easy monthly instalments at competitive rates.

How it works:

  • Request to transfer balance from non-Mawarid Credit Card.
  • Mawarid pays your other bank directly.
  • Same amount blocked from your Credit Card limit.
  • Pay in fixed equal monthly instalments.

Key Features:

  • Settle other bank balances easily.
  • Fixed instalment plans up to 12 months.
  • Transfer up to 90% of your Credit Card limit.
  • Eligibility subject to Mawarid Finance’s internal policy.

Apply Now

Easy Payment Plan (EPP)

Convert large purchases or outstanding balances into affordable monthly instalments.

How it works:

  • Make a purchase of AED 1,000+ using your Mawarid Credit Card.
  • Contact within 30 days to convert to EPP.
  • Choose your repayment tenure.
  • Pay in fixed equal monthly instalments.

Key Features:

  • Convert purchases/balances above AED 1,000 into fixed EMIs.
  • Request conversion within 30 days.
  • Special Offer: 0% profit for 6 months (Amazon.ae & Noon.com).
  • Eligibility subject to Mawarid Finance’s internal policy.
Apply Now

Terms and Conditions

Pricing

  • Pricing will be communicated at the point of sale via digital channels or Customer Care.

Profit Rates

  • Rates mentioned are monthly fixed rates.
  • Profit charged monthly on outstanding principal.

Fees

  • Processing fees (if applicable) confirmed at booking.
  • Early settlement charges may apply.

Other Charges

  • Maintain sufficient available limit to avoid over-limit charges.
  • Mawarid Finance may change terms with 30-day notice.

Payment Structure

  • EC, BT and EPP are equal EMI products.
  • Principal + profit split into equal instalments.

Customer Responsibilities

  • Pay total statement outstanding on or before the due date.
  • If an EMI remains unpaid, profit will be calculated on the billed principal amount.
  • Non-payment causes plan termination and moves outstanding to regular Credit Card balance.

Right to Cancel

  • Right to cancel within 5 business days (“Cooling-Off Period”) subject to settlement of any charges.
  • Certain transactions may require waiving the Cooling-Off Period.

Caution

  • No profit charges apply during tenure, but unpaid balances after maturity attract retail rates.
  • Avoid retail purchases after booking EC/BT/EPP to prevent extra charges.
  • Payments allocated to EC/BT/EPP first, unpaid retail balances may incur profit.
  • Disable auto-pay if making manual payments during tenure.
  • Cashback or reversals not automatically adjusted — clear all dues before booking.
  • Processing fees or charges will apply unless explicitly stated otherwise.