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Citi Personal Loan

Citi Personal Loan

Citibank

SALARY TRANSFER

Yes

FIXED RATE

3.83%

MONTHLY SALARY

AED 8,000

REDUCING RATE

6.99%

  • High loan amounts upto AED 500,000
  • Get an in-principle approval in 10 minutes
  • Topup your loan whenever you want

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.83%

Reducing Rate

6.99%

Max Loan Amount

500,000

Key Features

  • Avail a high personal loan amount upto AED 500,000 (or upto 20 multiples of your salary)
  • Loan amounts of up to 20 times of your salary
  • Topup your loan whenever you want
  • Get an in-principle decision in 10 minutes

For the long awaited dreams or unexpected expenses, make it happen with Citi Personal Loan. With competetive rates, high loan amounts and flexible repayment periods between 6 to 48 months.

Citi Personal Loan does not requrie any assets to be pledged as a collateral and are processed with minimum documentation.

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.  

Citi Personal loan Annual Percenage Rate range between from 6.99% - 8.99%.

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 equal monthly installments would be AED 479 at an effective interest rate of 6.99% per annum.           

Total repayment that would have been paid at the completion of the loan would be AED22,987. The borrower would be paying AED 2,987 as interest.  

Please use Soulwallet’s Loans equal monthly installment calculator for further simulations.

Arrangement Fee: 1% of Loan amount with min. AED 500 and up to a max. of AED 2,500

Citi Personal Loan Without Salary Transfer

Citi Personal Loan Without Salary Transfer

Citibank

SALARY TRANSFER

No

FIXED RATE

7.71%

MONTHLY SALARY

AED 8,000

REDUCING RATE

14.00%

  • No Salary transfer required
  • Minimum Documentation
  • Get an in-principle decision in 10 minutes

Salary Transfer Required?

No

Minimum Monthly Salary

AED 8,000

Fixed Rate

7.71%

Reducing Rate

14.00%

Max Loan Amount

175,000

Key Features

  • Avail a high personal loan amount upto AED 175,000 or upto 8x Salary (No Salary transfer to Citi is required)
  • Get an in-principle approval in 10 minutes 

Whether you are taking baby steps into parenthood, renovating a home, planning a family reunion or a wedding, whatever the needs, make it happen with a Citi Personal Loan without the hassels of transferring your salary to Citi. 

Unlike most other loans, personal loans are easier t avail, as they require minimum documentation. They are processed quickly  and are usually disbursed within a week. A convenient and flexible repayment period of 6 to 48 months for a personal loans without a salary transfer.

Emirates NBD End-of-Service Benefit Backed Personal Loans

Emirates NBD End-of-Service Benefit Backed Personal Loans

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

3.30 %

MONTHLY SALARY

AED 5,000

REDUCING RATE

5.99 %

  • Loan amounts up to 90% of End-of-Service Benefit amount

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

3.30 %

Reducing Rate

5.99 %

Key Features

  • Loan amounts up to 90% of End-of-Service Benefit amount
  • Attractive reducing interest rates
  • Fast processing of loan application
  • 7-day Loan Return Option
  • Double Insurance Coverage

Things To Be Aware Of

  • Minimum loan amount that can be taken is AED 10,000
EMIRATES NBD Loan For New To Country, New To Employment

EMIRATES NBD Loan For New To Country, New To Employment

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

2.63%

MONTHLY SALARY

AED 10,000

REDUCING RATE

5.99%

  • Attractive Interest Rates
  • No minimum Length of service

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

2.63%

Reducing Rate

5.99%

Max Loan Amount

4,000,000

Key Features

  • Rates starting 5.24% or 2.63% flat
  • No minimum length of service required
  • High loan amounts up to AED 400,000
  • Option of current or savings account with no minimum balance requirement
  • Free International ATM/Debit Card

Things To Be Aware Of

  • 36 Months tenure
Emirates NBD Loan for NRIs – Loan against (for) NRE Fixed Deposits

Emirates NBD Loan for NRIs – Loan against (for) NRE Fixed Deposits

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

2.20%

MONTHLY SALARY

AED 5,000

REDUCING RATE

3.99%

  • For Salaried & Self Employed
  • Loan in AED against INR/AED Fixed Deposit

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

2.20%

Reducing Rate

3.99%

Key Features

  • Loan amount up to 90% of Fixed Deposit amount in AED and up to 80% for INR Fixed Deposit
  • Loan in AED against INR Fixed Deposit Personal Loans rate starting at 3.99%
  • Maximum tenor up to 48 months
  • Salaried and Self-Employed customers can avail this facility
  • 7-day Loan Return Option Double Insurance Coverage

Things To Be Aware Of

  • Customer to fund the 20% of the Fixed Deposit amount
EMIRATES NBD Personal Cash Loan

EMIRATES NBD Personal Cash Loan

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

4.96%

MONTHLY SALARY

AED 10,000

REDUCING RATE

8.99%

  • vailable to employees of non-listed companies

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

4.96%

Reducing Rate

8.99%

Max Loan Amount

5,000,000

Key Features

  • Maximum loan amount up to AED 500,000.
  • Available even for customers whose employer is not on Emirates NBD's Approved List
  • 7-day Loan Return Option
  • Double Insurance Coverage
EMIRATES NBD Personal Loans For Self Employed Individuals

EMIRATES NBD Personal Loans For Self Employed Individuals

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

10.40%

MONTHLY SALARY

AED 25,000

REDUCING RATE

18.90%

  • Loan available on 6 month avg balance of AED 25,000

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 25,000

Fixed Rate

10.40%

Reducing Rate

18.90%

Key Features

  • High loan amount up to AED 300,000
  • Easy repayment options
  • No collateral or guarantor required
  • 100% cash without end use declaration
  • 7-day Loan Return Option
  • Double Insurance Coverage

Things To Be Aware Of

  • Minimum Length of Business: 2 years
EMIRATES NBD Personal Loans For Self Employed Professionals

EMIRATES NBD Personal Loans For Self Employed Professionals

Emirates NBD

SALARY TRANSFER

FIXED RATE

10.40%

MONTHLY SALARY

AED 20,000

REDUCING RATE

18.90%

  • Loan available on 6 Month Avg Balance of AED 20,000

Minimum Monthly Salary

AED 20,000

Fixed Rate

10.40%

Reducing Rate

18.90%

Max Loan Amount

3,000,000

Key Features

Competitive interest rates starting from 18.99% reducing
Repayment period of up to 48 months
Minimum 1 year length of business
Loan amount up to AED 300,000
7-day Loan Return Option
Double Insurance Coverage

Things To Be Aware Of

  • Minimum Length of Business: 1 year
Emirates NBD Salary Transfer Loans

Emirates NBD Salary Transfer Loans

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

2.63%

MONTHLY SALARY

AED 5,000

REDUCING RATE

5.99%

  • Attractive Interest Rates
  • Double Insurance Cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

2.63%

Reducing Rate

5.99%

Max Loan Amount

1,000,000

Key Features

Attractive reducing interest rates starting from 5.99% reducing or 2.63% flat p.a.
Loan amounts up to AED 1,000,000
Free Bank Account with no minimum balance required
7-day Loan Return Option
Double Insurance Coverage

EMIRATES NBD Salary Transfer Loans For UAE Nationals

EMIRATES NBD Salary Transfer Loans For UAE Nationals

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

2.63%

MONTHLY SALARY

AED 5,000

REDUCING RATE

5.99%

  • Attractive Interest Rates
  • Double Insurance Cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

2.63%

Reducing Rate

5.99%

Max Loan Amount

3,000,000

Key Features

  • Attractive reducing interest rates starting from 5.99% reducing or 2.63% flat p.a.
  • Loan amounts up to AED 3,000,000
  • No collateral or guarantor required
  • Free Bank Account with no minimum balance requirement
  • Easy process and simple documentation
  • 7-day Loan Return Option
FAB Non Salary Transfer Personal Loans for UAE Nationals

FAB Non Salary Transfer Personal Loans for UAE Nationals

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

No

FIXED RATE

5.43%

MONTHLY SALARY

AED 15,000

REDUCING RATE

9.99%

  • Loans upto AED 1 million
  • Lowest-in-class rates starting from 9.99%* fixed per year
  • Employer need not be on the FAB approved list of companies
  • Pay from current salary transfer account
  • Comprehensive life insurance coverage

Salary Transfer Required?

No

Minimum Monthly Salary

AED 15,000

Fixed Rate

5.43%

Reducing Rate

9.99%

Max Loan Amount

1,000,000

Key Features

  • Loans up to AED one million
  • Flexible payment terms of up to 48 months (or up to 60 months for Ministry of Defence employees)
  • Lowest-in-class rates starting from 9.99%* fixed per year
  • A salary transfer to a FAB account is not required
  • Pay your instalments from the bank account into which you receive your salary each month
  • A personal loan is available even if your employer is not on FAB’s Approved List of Employers
  • Comprehensive life insurance coverage
FAB Non-Salary Transfer Islamic Personal Finance

FAB Non-Salary Transfer Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

8.39%

MONTHLY SALARY

AED 15,000

REDUCING RATE

14.99%

  • Loans up to AED 1million
  • Interest rates starts from 8.39% per year for UAE Nationals
  • Interest rates starts from 5.43% per year for UAE Nationals

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 15,000

Fixed Rate

8.39%

Reducing Rate

14.99%

Max Loan Amount

1,000,000
FAB Personal Loans for UAE Expats

FAB Personal Loans for UAE Expats

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

No

FIXED RATE

8.39%

MONTHLY SALARY

AED 15,000

REDUCING RATE

14.99%

  • Attractive loan amounts up to AED 600,000
  • Interest rates starts from 14.99% variable per year
  • Minimum documentation
  • Employer need not be on the FAB approved list
  • Comprehensive Life Insurance coverage

Salary Transfer Required?

No

Minimum Monthly Salary

AED 15,000

Fixed Rate

8.39%

Reducing Rate

14.99%

Max Loan Amount

600,000

Key Features

  • Get high loan amounts of up to AED 600,000 with flexible payment terms of up to 48 months
  • Enjoy best-in-class rates starting from 14.99%* fixed per year
  • A salary transfer to a FAB account is not required, and you can pay your instalments from the bank account into which you receive your salary each month
  • A personal loan is available even if your employer is not on FAB’s Approved List of Employers
  • Benefit from comprehensive life insurance coverage
  • Flexible repayment terms
  • Minimum documentation
  • Fast-track approvals

 

*All interest rates quoted are effective rates on the loan’s outstanding balance.