A UAE national or Expatriates person who is entitled to receive a monthly salary of AED 5,000 or above and a working for approved employer list of companies are eligible to personal loan. Some banks are offering to unlisted or unapproved employers as well.

• Current dated Salary Certificate or Latest 3 Months Salary Slips
• Copy of valid Passport and valid visa (For Expatriates)
• Latest 3 months bank statement with regular salary credits

The 1st payment due date is linked to your salary credit account and will hit with in 60 days of the funds disbursal date. Some bank offers 60 days of deferment subjected to credit  approval.

Top up loan only after 12 months repayment and you have not utilized the entire eligibility or in case of increase in salary and after 20% repayment of your existing loan.

Deferment is 2 loan installment postponement every calendar year subject to Bank approval.

No, Applicant must be 6 months with the company or to provide a confirmation letter from the employer and 3 salary credited to bank account to apply for personal loan.

AED 15000 is the minimum amount eligibility for expatriates.

UAE Nationals: 65 years or retirement age, whichever is earlier on loan maturity. Expatriates: Maturity age is 60 years

You do not need any collateral or guarantors.

The interest rates are charged on a reducing balance. The interest rates are extremely attractive and competitive and are dependent on your income.

The maximum repayment tenure is 48 months for expatriates or UAE nationals.For Few government companies 60 months tenure is also available.

No, minimum 6-12 months of UAE vintage is required and 3 salary credited to bank account is mandatory.

After loan approval, there is a free credit life insurance attached up to the loan value. Any permanent disability or at the event of death the outstanding loan amount will be covered under this insurance scheme*.

There is a automatic direct debit linked to your salary credit account and monthly installment will be deducted after salary getting credited to bank account.

UAE Nationals: 65 years or retirement age, whichever is earlier on loan maturity. Expatriates: 60 years or retirement age, whichever is earlier on loan maturity.

A fixed monthly salary of AED 5000 is required to get the personal loan.

The minimum age requirements for UAE nationals are 20 years , and 22 years for expatriates.

Yes, For a Salary transfer loan it is mandatory to transfer your monthly salary to bank but for PDC Loan (Post Dated Cheque) it’s not.

Depending on your monthly salary bank will decide how many multiples of your salary they can offer.

All banks and financial institute in UAE, analyze individual credit reports before taking any decision to approve or decline any application. Basically it’s a 3 digit score which ranges from 300 to 800.