Yes, you can but it is not highly recommended as 80% of your profit will go to the bank. The best part is, when you convert your transaction to EMI, you pay up to .99% interest to your bank but you get profit of 1.5% on your investment. Which means you still make more profit than your interest
The only extra charge you will need to pay is the bank charge, which is 2.25%, so let's say, for an investment of AED 10,000, you will be paying total AED 10,231
Example:
| Invest using cash | Invest using Credit Card | |
| Profit in 1 year | AED 1800 | AED 381 |
| Bank charges | AED 0 | AED 231 |
| Bank Interest | AED 0 | AED 1188 (@.99%)* |
| Payment option | Upfront | Paid in easy monthly installment (AED 833 p.m)** |
| Monthly profit |
AED 150 | AED 150 |
* monthly interest rate differs from bank to bank, please check with your bank
** EMI will be AED 833 (principal) + AED 99 (interest) paid monthly