Transferring a salary from one bank to another to apply for a personal loan can be a very complex process, However, you can apply for a loan without transferring your salary. Now let’s take a look at the top Banks in UAE offering non-salary transfer loan or loans without salary transfer.
Why choose a Non Salary Transfer Loan
It is often hard to get proof of income to obtain finance, or you may just not want to transfer your salary – either way, this hassle-free Loan process helps you get the finance you need.
A personal finance facility without a salary transfer can be processed rapidly if you need it fast, and it doesn’t require any collateral or guarantors.
At Moneymall.info We believe that everyone should be able to make their dreams come true. It doesn’t matter what kind of dreams those are – maybe you want to study further so that you can advance in your career, or maybe you simply need a little extra this month to get you through a challenging time – we’re here to help.
Citi Bank: Non Salary Transfer loan
Apply for a Citi bank Non salary transfer loan in UAE – It’s easy and hassle-free with no salary transfer required, you can avail funds for your plans or any emergencies without delay.
Products Features
| Citibank Personal Loan amount | up to AED 175,000 without salary transfer |
| Minimum salary | 8000AED and above |
| Interest rate | APR is 24.99% for the first year and 23.99% from the second year |
| Tenor | 6m o 48m |
REQUIREMENTS
- Current dated Salary Certificate (3 months on the current job)
- Last three months’ bank statements (with salary transfer)
- Minimum (fixed) monthly salary of only AED 8000
- Passport copy / Emirates ID Copy
- Direct Debit Form
Read more about – CITI Bank Non-salary Transfer loan.
Ajman Bank: Non Salary Transfer loan
Apply for Ajman bank Non salary transfer loan in UAE – It’s easy and hassle-free with no salary transfer requirement.
Products Features:
| AJMAN Personal Loan amount | up to AED 250,000 without salary transfer |
| Minimum salary | 10,000AED and above |
| Interest rate | From 7.5% p.a.Reducing Rate (As Advertised on the bank website) |
| Tenor | 6m o 48m |
| Processing fee | 1% |
Main Benefits:
- Long repayment period 48ms
- Get takaful as part of the finance.
- Fast processing, minimal documentation, and finance up to AED 250,000.
Read more about – Ajman Non-salary Transfer loan.
ENBD: Non Salary Transfer Loan
Apply for ENBD bank Non-salary transfer loan in UAE – It’s easy and hassle-free with no salary transfer required
Products Features:
| ENBD Personal Loan amount | up to AED 500,000 without salary transfer |
| Minimum salary | 10,000AED with terms and conditions. |
| Interest rate | From 14.99% p.a. reducing Rate (As Advertised on the bank website) |
| Tenor | 6m o 48m |
| Processing fee | 1% |
| Mode of repayment | Direct Debit System (DDS |
* This product is subject to eligibility conditions and may not be available for all applicants. Eligibility conditions are set by the service provider and may be subject to change. Read more about – ENBD Non-salary Transfer loan.
UNB: Non Salary Transfer loan
As the bank that cares, Apply for UNB Non-salary transfer loan in UAE – It’s easy and hassle-free with no salary transfer required.
Products Features:
| UNB Personal Loan amount | up to AED 500,000 without salary transfer |
| Minimum salary | 10,000AED with terms and conditions. |
| Interest rate | From 14% p.a.Reducing Rate (As Advertised on the bank website) |
| Tenor | 6m o 48m |
| Processing fee | 1.05% |
| Mode of repayment | Direct Debit System (DDS |
| Early settlement fee | 1.05% |
Read more about – UNB Non-Salary Transfer loan.
Finance House: Non Salary Transfer Loan
Apply for a non-salary transfer loan with FH and enjoy lower interest rates and more benefits.
Products Features:
| FH Personal Loan amount | up to AED 250,000 without salary transfer |
| Minimum salary | 5,000AED 0R 4000AED Plus accommodation |
| Interest rate | From 15% p.a.Reducing Rate (As Advertised on the bank website) |
| Tenor | 6m o 36m |
| Processing fee | 1.05% |
| Mode of repayment | Direct Debit System (DDS |
Click here to read the frequently asked questions about Finance House’s Executive Finance.
*Terms & Conditions apply.
Read more about – Finance House Non-salary Transfer loan.
Mashreq Bank: Non Salary Transfer Loan
Apply for a non-salary transfer loan with Mashreq bank and enjoy lower interest rates and more benefits.
Non-Salary Transfer Finance for Expatriates
Get a personal finance of up to AED 150,000, in UAE without a salary transfer just by applying here with Mashreq Al Islami. ‘No salary transfer’ means you have to declare your salary but not transfer it, in order to avail the finance facility. With competitive profit rates for whatever you need – from buying a car to paying your children’s school fees.
Products Features:
| FH Personal Loan amount | up to AED 150,000 without salary transfer |
| Minimum salary | 10,000AED with terms and conditions. |
| Interest rate | From 15% p.a.Reducing Rate (As Advertised on the bank website) |
| Tenor | 6m o 36m |
| Processing fee | 1.05% |
| Mode of repayment | Direct Debit System (DDS |
| Early settlement fee | 1.05% |
Requirements:
There is always certain documentation needed in order to get any form of finance, and here we have laid out our basic needs of proof of identity, to help you get started with obtaining finance.
- Passport Copy with Valid residence visa for Expatriates
- Emirates ID
- Valid Salary Certificate
- Latest 3 months Bank statement (If working for a company under the Approved list) or 6 months Bank statement (If working for an Unapproved company) with salary credits
- Security Cheque with the requested finance amount
- Personal Finance application form – “will be provided by Mashreq Al Islami”
- UAEDDS for Non-Mashreq / Mashreq Al Islami customers
Read more about – Mashreq Bank Non-salary Transfer loan
Dunia Finance LLC:
Apply for a non salary transfer loan with Dunia Finance LLC and enjoy lower a more flexible loan for both listed and non listed company employees in UAE.
Product Features:
| FH Personal Loan amount | up to AED 150,000 without salary transfer |
| Minimum salary | 5,000AED 0R 4000AED Plus accommodation |
| Interest rate | From 39% p.a.Reducing Rate (As Advertised on the bank website) |
| Tenor | 6m o 48m |
| Processing fee | 1.05% |
| Mode of repayment | Direct Debit System (DDS |
| Early settlement fee | 1.05% |
More benefits with Dunia
Enjoy a host of benefits with any purpose cash loan from Dunia…
- For both listed and non listed company employees
- Fastest approval time 48hrs
- Simple and hassle-free process and documentation
Read more about – Dunia Finance Non-salary Transfer loan.
Frequently asked questions:
QN.1: Can I apply when my company is not listed with any of the above banks?
Answer: YES you can apply but only to two finance companies i.e. Finance House and Dunia Finance llc provided other conditions a met other banks require customers to be working with listed companies. learn more.
QN.2: Can I apply when my salary is below 5000 but I have company accommodation?
Answer: YES you can apply to Finance House and Dunia Finance llc provided other conditions a met.
QN.3: Do you check credit bureau?
Answer: YES all banks check the Credit bureau and therefore we request you to ensure that your credit score is ok before you apply.
QN.4: I already have a loan and credit cards in other banks. Can I also apply for this loan?
Answer: YES. You can apply provided your DSR is not above 50%.
QN.5: I have a loan in another bank and I want to buy it out. Can I also apply?
Our Answer: YES. You can apply for a buyout loan provided your DSR is not above 50%.
QN.5: how can I apply for this loan?
Answer: You can simply apply just by filling our online application form and get access to over 10 banks. This will help you compare the rates and help you make a better choice on your loan.