SALARY TRANSFER
No
FIXED RATE
7.71%
MONTHLY SALARY
AED 8,000
REDUCING RATE
14.00%
Salary Transfer Required?
No
Minimum Monthly Salary
AED 8,000
Fixed Rate
7.71%
Reducing Rate
14.00%
Max Loan Amount
Joining offers
Get up to AED 1,250 in noon e-vouchers. T&C Apply
Key Features
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 Salarty Transfer loans APR rates range between from 15.99% - 22.99%.
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 EMI would be AED 546 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 AED26,230, The borrower would be paying AED 6,230 as interest.
Please use Soulwallet’s Loans EMI Calculator for further simulations.
Processing Fee: 1% of Loan amount with min. AED 500 and up to a max. of AED 2,500
SALARY TRANSFER
Yes
FIXED RATE
3.85%
MONTHLY SALARY
AED 8,000
REDUCING RATE
8.00%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 8,000
Fixed Rate
3.85%
Reducing Rate
8.00%
Max Loan Amount
Key Features
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 Salarty Transfer loans APR rates range between from 6.99% - 14.99%.
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 EMI 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 EMI Calculator for further simulations.
Arrangement Fee: 1% of Loan amount with min. AED 500 and up to a max. of AED 2,500
SALARY TRANSFER
Yes
FIXED RATE
3.30 %
MONTHLY SALARY
AED 5,000
REDUCING RATE
5.99 %
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 5,000
Fixed Rate
3.30 %
Reducing Rate
5.99 %
Key Features
Things To Be Aware Of
SALARY TRANSFER
Yes
FIXED RATE
2.63%
MONTHLY SALARY
AED 10,000
REDUCING RATE
5.99%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 10,000
Fixed Rate
2.63%
Reducing Rate
5.99%
Max Loan Amount
Key Features
Things To Be Aware Of
SALARY TRANSFER
Yes
FIXED RATE
2.20%
MONTHLY SALARY
AED 5,000
REDUCING RATE
3.99%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 5,000
Fixed Rate
2.20%
Reducing Rate
3.99%
Key Features
Things To Be Aware Of
SALARY TRANSFER
Yes
FIXED RATE
4.96%
MONTHLY SALARY
AED 10,000
REDUCING RATE
8.99%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 10,000
Fixed Rate
4.96%
Reducing Rate
8.99%
Max Loan Amount
Key Features
SALARY TRANSFER
Yes
FIXED RATE
10.40%
MONTHLY SALARY
AED 25,000
REDUCING RATE
18.90%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 25,000
Fixed Rate
10.40%
Reducing Rate
18.90%
Key Features
Things To Be Aware Of
SALARY TRANSFER
FIXED RATE
10.40%
MONTHLY SALARY
AED 20,000
REDUCING RATE
18.90%
Minimum Monthly Salary
AED 20,000
Fixed Rate
10.40%
Reducing Rate
18.90%
Max Loan Amount
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
SALARY TRANSFER
Yes
FIXED RATE
2.63%
MONTHLY SALARY
AED 5,000
REDUCING RATE
5.99%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 5,000
Fixed Rate
2.63%
Reducing Rate
5.99%
Max Loan Amount
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
SALARY TRANSFER
Yes
FIXED RATE
2.63%
MONTHLY SALARY
AED 5,000
REDUCING RATE
5.99%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 5,000
Fixed Rate
2.63%
Reducing Rate
5.99%
Max Loan Amount
Key Features
SALARY TRANSFER
Yes
FIXED RATE
4.99%
MONTHLY SALARY
AED 7,000
REDUCING RATE
9.30%
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 7,000
Fixed Rate
4.99%
Reducing Rate
9.30%
Max Loan Amount
Key Features
Attractive loan amounts up to AED 2 Million Competitive interest rates Flexible repayment terms Fast track approvals Comprehensive Personal Life Insurance coverage
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 452 at an effective interest rate of 4.99% per annum.
Total repayment that would have been paid at the completion of the loan would be AED22,104. The borrower would be paying AED 2104 as interest.
Please use Soulwallet’s Loans EMI Calculator for further simulations.
Processing Fee: 1.05% of the finance amount. A minimum of AED 525 to a max of AED 2625.