Balance Transfer is a ‘Card Transaction’ initiated by the Cardholder via this form, which the Cardholder agrees to repay to MAF Finance in equal monthly installments or EMI.

The total of Balance Transfer amount along with the interest amount for the installment period will be charged to the Cardholder Credit Card reducing the available credit limit.

The Interest Rate on the Balance Transfer is a flat rate.

The total Balance Transfer amount cannot exceed more than 70% of the available Credit Card Limit.

If the amount to be transferred as mentioned in the application form exceeds 70% of the available credit limit on the date of acceptance by MAF Finance, MAF Finance will automatically transfer only an amount equal to 70% of the Credit Card Cardholders available credit limit as authorized by the Cardholder in the application form.

The Balance Transfer monthly installment amount will be part of the monthly ‘Minimum Payment Due’.

A processing fee of AED 50 or 2% of the transferred limit (whichever is higher) will be applied to your Card Account.

MAF Finance shall not be held responsible for any fee or any service charge debited to the Credit Cardholders other bank Credit Card account due to a decline or a delay in execution of the Balance Transfer request.

Credit Cardholder should continue to make the payments to the other bank Credit Card account until the Credit Cardholder receives a confirmation in their future billing statement that the amount has been credited.

If Balance Transfer amount is not paid in full on or before the 90th day, interest, from day1, will be levied on the full Balance Transfer amount.

Approval of Balance Transfer and transfer amount is at the sole discretion of MAF Finance.

MAF Finance will attempt to resolve any dispute as per the Credit Cardholder Agreement and the above mentioned terms however not constricted to the above.