PERSONAL LOAN OFFERS
up-to 20x of your salary.
- Open to both listed and non listed companies
- Installment as low as AED 239/Month.
- Minimum salary required is AED 5,000
PERSONAL LOANS IN UAE
Hsbc Loans
Loan Features
- Loan amount upto 750k
- Loan tenor upto 48m
- Interest from 7.46% pm
**Note: Loan offer and approval is subject to HSBC discretion***
Adcb Loans
Loan Features
- Loan amount upto 4million
- Loan tenor upto 48m
- Interest from 2.75% pm
**Note: Loan offer and approval is subject to ADCB discretion***
FH Loan
Loan Features
- Loan amount upto 250k
- Loan tenor upto 48m
- Interest from 7.16% pm
**Note: Loan offer and approval is subject to FINANCE HOUSE discretion***
Deem Loans
Loan Features
- Loan amount upto 150k
- Loan tenor upto 48m
- Interest from 7.72% pm
**Note: Loan offer and approval is subject to Deem FINANCE discretion***
Personal Loans
Loan Features
- Loan amount upto 1250k
- Loan tenor upto 48m
- Interest from 3.3% pm
**Note: Loan offer and approval is subject to RAK Bank discretion***
Personal Loans
Loan Features
- Loan amount upto 250k
- Loan tenor upto 48m
- Interest from 6.99% pm
**Note: Loan offer and approval is subject to CITI bank discretion***
Personal Loans
Loan Features
- Loan amount upto 2million
- Loan tenor upto 48m
- Interest from 3.99% pm
**Note: Loan offer and approval is subject to First Abudhabi Bank discretion***
Personal Loans
Loan Features
- Loan amount upto 1million
- Loan tenor upto 48m
- Interest from 2.77% pm
**Note: Loan offer and approval is subject to ENBD discretion***
Eligibility for Personal Loan in UAE
Every bank has its own eligibility criteria. However, some basic requirements are as follows:
- Only UAE residents are eligible.
- Loan applicant must be at least 21 years of age.
- Only Salaried employees are eligible.
- Salaried individuals must be currently employed and working for around one-to-six months minimum (varies from bank to bank).
- Minimum salary must be around AED 4,000 with provided Company accommodation or AED 5000 (again each bank has its own minimum requirement).
- Maximum age to apply is 60 years.
- At most of the banks, the company must be listed with them whereas some banks accept non listed companies.
- Salary transfer criterion depends on the bank and loan type.
Documents required for Personal Loan in UAE
- Some basic documents needed are:
- Valid Identity proofs like Emirates ID, etc. for validation.
- For Expatriates – Valid Passport with a valid UAE Residence Visa.
- Salary certificate and/or salary transfer letter or 3 Salary Payslips.
- Latest 3-6 months Statement(s) of your bank account(s) where the salary is transferred.
Reasons why your Personal Loan Application might be rejected
Banks don’t usually disclose the reason behind rejection however there multiple reasons and it can help if you spend time understanding the eligibility requirement before applying for a loan. Some common reasons are:
- Salary requirement not met.
- The company you work for is not listed with the bank.
- Your Debt-to-Burden Ratio (DBR) is very high. In simple words, the percentage of your income being used to repay all your debts is more than 50%.
- You have a low credit score.
- Your nationality might be restricted
checking your credit score and eligibility and clearing existing debts can ensure that you maximize the chances of your application being approved.
Let's help you get a better offer on your loan
Whether your working in a non listed company or getting less salary or you want to pay less interest or earn more rewards. Just submit your details and we do the search for you.
The information provide on this website/page is strictly for information purpose, Moneymall.info does not endorse the information provided on the website and strives to provide accurate and unbiased information to customers to assist them in making informed decisions. Refer to our privacy policy as our terms of use.
Contact Us!
- www.moneymall.info
- admin@moneymall.info
- Locations:Dubai
- #112-Engine bldg.4