Yes, you will be charged interest as well as processing fees and this will vary from bank to bank and depend on your total. 

  Interest Paid
Bank/ Months 3 6 9 12 18 24 36
ENBD   1.49%   1.49%   1.49% 1.49%
ADCB 0.70% 0.70% 0.70% 0.70%      
FAB 1.20% 1.20% 1.20% 1.20% 1.20% 1.10% 1.10%
Dubai First 0 0% 0 0      
Mawarid Finance   0.00%          
RAK 1% 1%   1%      
Samba 0.00% 0.00%   0.00%      
Al Hilal 0% 0%   0%      
CBD 0% 0%   0      
Emirates Islamic 0 0%          
Dubai Islamic Bank   0%   0%      
Standard Chartered Bank 0% 0%   0%      

 

  Processing Fee
Bank/ Months 3 6 9 12 18 24 36
ENBD   AED49   AED49   AED49 AED49
ADCB              
FAB              
Dubai First 1% 1% 2% 2%      
Mawarid Finance              
RAK AED49 AED49   2%      
Samba AED49 AED49   AED49      
Al Hilal              
CBD 1.50% 2.50%   3%      
Emirates Islamic 2% 2%          
Dubai Islamic Bank   3%   4.80%      
Standard Chartered Bank AED49 AED49   AED98      

Please note that the full amount will be charged on your card on the day of the transaction.