Personal Loans With Free Credit Card

ADCB Personal Finance

ADCB Personal Finance

Abu Dhabi Commercial Bank (ADCB)

SALARY TRANSFER

Yes

FIXED RATE

3.33 %

MONTHLY SALARY

AED 8,000

REDUCING RATE

6.04 %

  • Competitive Profit Rates
  • High Finance Amount

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.33 %

Reducing Rate

6.04 %

Max Loan Amount

200,000

Key Features

Profit rates starting from 3.33% p.a.
High finance amount of up to AED 1.25 million for expatriates, and AED 2 million for UAE nationals
Finance tenure up to 4 years
Takaful coverage (including optional family and job loss cover)
First year free credit card
Simple documentation and quick approvals

Things To Be Aware Of

  • Max Loan:AED 1,250,000(Expats) AED 2,000,000 (UAE National)
ADCB Personal Finance

ADCB Personal Finance

Abu Dhabi Commercial Bank (ADCB)

SALARY TRANSFER

Yes

FIXED RATE

3.33%

MONTHLY SALARY

AED 8,000

REDUCING RATE

0.00%

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.33%

Reducing Rate

0.00%

Max Loan Amount

1,250,000

Key Features

Profit rates starting from 3.33% p.a. High finance amount of up to AED 1.25 million for expatriates, and AED 2 million for UAE nationals Finance tenure up to 4 years Takaful coverage (including optional family and job loss cover) First year free credit card Simple documentation and quick approvals

Things To Be Aware Of

  • Maximum Loan Amount
  • AED 1,250,000 (Expats)
  • AED 2,000,000 (UAE nationals)
ADCB Personal Loan

ADCB Personal Loan

Abu Dhabi Commercial Bank (ADCB)

SALARY TRANSFER

Yes

FIXED RATE

6.25%

MONTHLY SALARY

AED 10,000

REDUCING RATE

11.33%

  • High Salary Multiples
  • Competitive interest rates
  • Simple Documentation
  • Credit Insurance
  • Involuntary loss of Employment cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

6.25%

Reducing Rate

11.33%

Max Loan Amount

250,000

Joining offers

ADCB TouchPoints awarded on ADCB Personal loan amount (AED 10,000 and above) are as follows:

  • 200 TouchPoints will be earned for every AED 1,000 of loan amount, when loan amount is AED 150,000 or less.
  • 300 TouchPoints will be earned for every AED 1,000 of loan amount, when loan is above AED 150,000.

Key Features

  • Highest salary multiples
  • Longest repayment periods
  • Low interest rates
  • Consolidation of loans available
  • Simple documentation
  • Credit Life Insurance
  • Free ADCB Credit Card
  • Plus up to 2 times salary overdraft
ADCB Personal Loan for Expatriates

ADCB Personal Loan for Expatriates

Abu Dhabi Commercial Bank (ADCB)

SALARY TRANSFER

Yes

FIXED RATE

6.25%

MONTHLY SALARY

AED 10,000

REDUCING RATE

11.33%

  • High Salary Multiples
  • Competitive interest rates
  • Simple Documentation
  • Credit Insurance
  • Involuntary Loss of Employment cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

6.25%

Reducing Rate

11.33%

Max Loan Amount

25,000

Joining offers

ADCB TouchPoints awarded on ADCB Personal loan amount (AED 10,000 and above) are as follows:

  • 200 TouchPoints will be earned for every AED 1,000 of loan amount, when loan amount is AED 150,000 or less.
  • 300 TouchPoints will be earned for every AED 1,000 of loan amount, when loan is above AED 150,000.

Key Features

  • Highest salary multiples
  • Longest repayment periods
  • Low interest rates
  • Consolidation of loans available
  • Simple documentation
  • Credit Life Insurance
  • Free ADCB Credit Card
  • Plus up to 2 times salary overdraft
ADIB Education Finance

ADIB Education Finance

Abu Dhabi Islamic Bank (ADIB)

SALARY TRANSFER

Yes

FIXED RATE

3.85%

MONTHLY SALARY

AED 8,000

REDUCING RATE

6.99%

  • Complete education expenses financing
  • Free ADIB Cashback credit card for the 1st year

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.85%

Reducing Rate

6.99%

Max Loan Amount

250,000

Key Features

  • Financing of up to AED 250,000
  • Finance installments up to 48 months
  • Free postponement option
  • Free ADIB VISA Cashback Card for the first year

Things To Be Aware Of

  • Tenure upto to 48 Months
ADIB Personal Finance

ADIB Personal Finance

Abu Dhabi Islamic Bank (ADIB)

SALARY TRANSFER

Yes

FIXED RATE

3.72%

MONTHLY SALARY

AED 8,000

REDUCING RATE

6.75%

  • Free pre-approved ADIB VISA Cashback Card for the first year
  • First installment payment grace period up to 90 days

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.72%

Reducing Rate

6.75%

Max Loan Amount

1,000,000

Key Features

  • Free pre-approved ADIB VISA Cashback Card for the first year
  • First installment payment grace period up to 90 days
  • Two free installments postponements every year
  • Takaful cover protection with competitive rates

Things To Be Aware Of

  • Required Length of service 6 Months
Deem Personal Loan

Deem Personal Loan

Deem

SALARY TRANSFER

No

FIXED RATE

11.01%

MONTHLY SALARY

AED 5,000

REDUCING RATE

19.99%

  • Easy and Hassle Free Process- Pre approval in 24 hours
  • No Salary Transfer Required
  • EMI can be as low as AED 305 per month for every 10,000

Salary Transfer Required?

No

Minimum Monthly Salary

AED 5,000

Fixed Rate

11.01%

Reducing Rate

19.99%

Key Features

  • Pay your instalments automativcally with our direct debit feature
  • Choose your payment date based on when you receive your salary
  • Flexible repayment period to suit your needs
  • Simple application process

Product Overview

Personal Loans in UAE are offered to customers for a variety of reasons including education, travel, medical and many more.  There are two types of personal loans, one which requires a salary transfer and one which doesn’t.

Loans are offered for a minimum period of 6 to a maximum of 48 months expats and 60 months for UAE Nationals.

Most of the banks assign Loan APR (Annual Percentage Rate) based on the profile of the customer and his/her employer. A few banks use bureau score to assign interest rates.  

UAE loan APR rates range between from 5% to 35% in general.

Illustration: 

If a customer borrows a loan of AED 20,000 and earns an income of AED 10,000. With a repayment period of 48 months, the EMI would be AED 609 at an effective interest rate of 19.99% per annum.           

Total repayment that would have been paid at the completion of the loan would be AED29,209. The borrower would be paying AED 9,209 as interest.  

Please use Soulwallet’s Loans EMI Calculator for further simulations.

Processing Fee: 1% of loan amount, minimum AED 500, maximum AED 2,500

MASHREQ Debt Consolidation Loans

MASHREQ Debt Consolidation Loans

Mashreq Bank

SALARY TRANSFER

Yes

FIXED RATE

0.00%

MONTHLY SALARY

AED 5,000

REDUCING RATE

0.00%

  • Lower collective payments on debt consolidation

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

0.00%

Reducing Rate

0.00%

Key Features

  • Lower monthly payments
  • Increased disposable income
  • Reduced interest payments over lifecycle
  • Higher Loan amount:
    – AED 1 Million for Expats and AED 3 Million for UAE Nationals
NOOR BANK Personal Finance

NOOR BANK Personal Finance

Noor Bank

SALARY TRANSFER

Yes

FIXED RATE

3.33%

MONTHLY SALARY

AED 8,000

REDUCING RATE

6.04%

  • Competitive Interest Rates
  • High Loan Amount

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.33%

Reducing Rate

6.04%

Max Loan Amount

1,250,000

Key Features

  • Profit rates starting from 3.33% p.a.
  • High finance amount of up to AED 1.25 million for expatriates, and AED 2 million for UAE nationals
  • Finance tenure up to 4 years
  • Takaful coverage (including optional family and job loss cover)
  • First year free credit card
  • Simple documentation and quick approvals
RAKBANK Non Salary Transfer Loan

RAKBANK Non Salary Transfer Loan

RAKBANK

SALARY TRANSFER

Yes

FIXED RATE

5.99 %

MONTHLY SALARY

AED 5,000

REDUCING RATE

10.86 %

  • Quick Approvals
  • Competitive Interest Rates
  • Easy does it ! Hassle-free loan takeovers from other banks
  • Simple and Easy documentation

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

5.99 %

Reducing Rate

10.86 %

Max Loan Amount

1,250,000

Key Features

  • High Personal Loan amounts at low interest rates
  • Quick approvals
  • Competitive interest rates
  • Flexible repayment periods of up to 48 months for expatriates and UAE nationals (60 months for Armed Forces Staff)

Product Overview

Personal Loans in UAE are offered to customers for a variety of reasons including education, travel, medical and many more.  There are two types of personal loans, one which requires a salary transfer and one which doesn’t.

Loans are offered for a minimum period of 6 to a maximum of 48 months expats and 60 months for UAE Nationals.

Most of the banks assign Loan APR (Annual Percentage Rate) based on the profile of the customer and his/her employer. A few banks use bureau score to assign interest rates.  

UAE loan APR rates range between from 5% to 35% in general.

Illustration: 

If a customer borrows a loan of AED 20,000 and earns an income of AED 10,000. With a repayment period of 48 months, the EMI would be AED 470 at an effective interest rate of 13.99% per annum.           

Total repayment that would have been paid at the completion of the loan would be AED22,540, The borrower would be paying AED 2,540 as interest.  

Please use Soulwallet’s Loans EMI Calculator for further simulations.

Arrangement Fee: 1% of the finance amount

Things To Be Aware Of

  • Loan and Interest will be basis the salary & company listing
UNION NATIONAL BANK Expatriates Loan

UNION NATIONAL BANK Expatriates Loan

Union National Bank (UNB)

SALARY TRANSFER

Yes

FIXED RATE

3.13%

MONTHLY SALARY

AED 5,000

REDUCING RATE

5.68%

  • Competitive interest rates
  • Free UNB Credit card

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

3.13%

Reducing Rate

5.68%

Max Loan Amount

5,000,000

Key Features

  • Interest rates starting from 5.68% per annum
  • Pay low monthly installments
  • Borrow up to 20 times your monthly salary
  • Repay over a period of up to 48 months
  • Get competitive interest rates
UNION NATIONAL BANK UAE Nationals Loan

UNION NATIONAL BANK UAE Nationals Loan

Union National Bank (UNB)

SALARY TRANSFER

Yes

FIXED RATE

2.48%

MONTHLY SALARY

AED 10,000

REDUCING RATE

4.50%

  • Competitive interest rates
  • Free UNB Credit card

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

2.48%

Reducing Rate

4.50%

Max Loan Amount

500,000

Key Features

  • Competitive interest rates starting at 4.50% per annum
  • High loan amount
  • Flexible repayment period based on loan type
  • Consolidate all your debts in one payment
UNITED ARAB BANK Personal Loans for Expatriates

UNITED ARAB BANK Personal Loans for Expatriates

United Arab Bank (UAB)

SALARY TRANSFER

Yes

FIXED RATE

3.03%

MONTHLY SALARY

AED 7,500

REDUCING RATE

5.49%

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,500

Fixed Rate

3.03%

Reducing Rate

5.49%

Max Loan Amount

2,000,000

Key Features

  • Loans up to AED 2 Million
  • Repayment period up to 48 months
    Interest rates as low as 5.49%
UNITED ARAB BANK Personal Loans for UAE Nationals

UNITED ARAB BANK Personal Loans for UAE Nationals

United Arab Bank (UAB)

SALARY TRANSFER

Yes

FIXED RATE

3.03%

MONTHLY SALARY

AED 7,500

REDUCING RATE

5.49%

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,500

Fixed Rate

3.03%

Reducing Rate

5.49%

Max Loan Amount

2,500,000

Key Features

  • Loan amount up to 20 times of your salary
  • Repayment period up to 48 months
  • Interest rates as low as 5.49%
  • Loans available up to AED 2.5 million