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Minimum salary AED 5,000*

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 %

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
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 Finance

ADCB Personal Finance

Abu Dhabi Commercial Bank (ADCB)

SALARY TRANSFER

Yes

FIXED RATE

3.25%

MONTHLY SALARY

AED 10,000

REDUCING RATE

5.90%

  • Competitive Profit Rates

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

3.25%

Reducing Rate

5.90%

Key Features

A wide range of shariah compliant products
Fast and simple approval process
Competitive Profit Rates
High Finance Amount
Flexible Tenures
Low minimum salary requirement

ADIB Debt Settlement

ADIB Debt Settlement

Abu Dhabi Islamic Bank (ADIB)

SALARY TRANSFER

Yes

FIXED RATE

3.58 %

MONTHLY SALARY

AED 8,000

REDUCING RATE

6.50 %

  • 100% Processing Fee Waiver

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.58 %

Reducing Rate

6.50 %

Max Loan Amount

1,000,000

Key Features

  • A special profit rate starting from 6.5% p.a.
  • First installment payment grace period up to 90 days
  • 100% processing fee waiver

Things To Be Aware Of

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
Al Hilal Bank Personal Finance

Al Hilal Bank Personal Finance

Al Hilal Bank

SALARY TRANSFER

Yes

FIXED RATE

3.25 %

MONTHLY SALARY

AED 10,000

REDUCING RATE

5.90 %

  • Competitive Profit Rate

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

3.25 %

Reducing Rate

5.90 %

Key Features

  • A wide range of Shariah compliant products
  • Fast and simple approval process
  • Competitive Profit Rates
  • High Finance Amount and Flexible Tenures
  • Low minimum salary requirement
Citi Personal Loan

Citi Personal Loan

Citibank

SALARY TRANSFER

Yes

FIXED RATE

3.83%

MONTHLY SALARY

AED 8,000

REDUCING RATE

6.99%

  • Approvals in 1 day
  • Instant loan funding on final approval
  • Get an in-principle approval in 10 minutes
  • Topup your loan whenever you want
  • High loan amounts upto AED 500,000

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
  • 0% processing fees
  • Get an in-principle decision in 10 minutes

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
  • 0% processing fee
  • Receive up to AED 1,000 Noon e-Voucher
  • 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

Joining offers

Customers will be eligible to receive a noon e-Voucher (“Offer” or “Reward”), if a Citibank loan is approved between January 1st 2022 and December 31st  2022

The Reward value you can expect on a Personal Loan without Salary Transfer:  0% Processing Fees on all loan amounts; and

Loan amounts greater than AED 75,000 and less than or equal to AED 125,000 AED 200 e-voucher
Loan amounts greater than AED 125,000 and less than or equal to AED 150,000 AED 500
Loan amounts greater than AED 150,000 AED 1000

Pls enquire with the sales officer on the terms and conditions while applying.

Key Features

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

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 Equal Monthly Installments Calculator for further simulations.

 

Dubai Islamic Liabilities Settlement Finance

Dubai Islamic Liabilities Settlement Finance

Dubai Islamic Bank (DIB)

SALARY TRANSFER

Yes

FIXED RATE

0.00%

MONTHLY SALARY

AED 5,000

REDUCING RATE

0.00%

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

0.00%

Reducing Rate

0.00%

Dubai Islamic Personal Finance

Dubai Islamic Personal Finance

Dubai Islamic Bank (DIB)

SALARY TRANSFER

Yes

FIXED RATE

6.06%

MONTHLY SALARY

AED 5,000

REDUCING RATE

11.00%

  • High loan amounts

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

6.06%

Reducing Rate

11.00%

Max Loan Amount

2,000,000

Key Features

  • Minimum salary requirement of AED 5,000 only
  • Maximum tenure of 48 months
  • High finance approvals for your personal finance needs
  • Maximum finance set at AED 4 million for UAE Nationals and AED 2 million for Expatriates

Things To Be Aware Of

  • Company should be listed and salary be transferred to DIB
Emirates Islamic Personal Finance

Emirates Islamic Personal Finance

Emirates Islamic Bank (EIB)

SALARY TRANSFER

Yes

FIXED RATE

2.17 %

MONTHLY SALARY

AED 5,000

REDUCING RATE

3.94 %

  • Very competitive profit rates
  • High finance amounts

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

2.17 %

Reducing Rate

3.94 %

Max Loan Amount

1,000,000

Key Features

  • Financing available to salaried and self employed customers
  • Very competitive profit rates
  • Financing up to 3 million for UAE Nationals and 1 million for Expatriates
  • Approvals in 24 hours
  • Preapproved credit card and 100% discount on first year's annual fees
FAB Islamic Personal Finance

FAB Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

2.64%

MONTHLY SALARY

AED 6,000

REDUCING RATE

4.78%

  • High Finance Amounts
  • Competitive Profit Rates
  • Flexible Payment Period up to 48 months

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 6,000

Fixed Rate

2.64%

Reducing Rate

4.78%

Max Loan Amount

5,000,000

Key Features

  • Generous loan amounts for UAE nationals and expats
  • Flexible repayment terms of up to 48 months to repay through your FAB account
  • Attractive Profit rates 2.64% p.a.
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
MASHREQ Emirati Personal Loan for Pensioners

MASHREQ Emirati Personal Loan for Pensioners

Mashreq Bank

SALARY TRANSFER

Yes

FIXED RATE

0.00%

MONTHLY SALARY

AED 10,000

REDUCING RATE

0.00%

  • Specialy Designed Loan for Pensioners

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

0.00%

Reducing Rate

0.00%

Key Features

  • Adjustable loan amounts to match your needs
  • Option to pay in manageable monthly instalments
  • Comfortable repayment periods
  • Competitive interest rates
  • Simple documentation and quick processing
  • No guarantors required for application
  • Top-up facility is available
  • Access to credit card & revolving overdraft
  • Free cheque book and debit card
MASHREQ New to UAE, New to Employer Loan

MASHREQ New to UAE, New to Employer Loan

Mashreq Bank

SALARY TRANSFER

Yes

FIXED RATE

4.07%

MONTHLY SALARY

AED 7,000

REDUCING RATE

7.38%

  • Loan disbursals within 24 hours

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

4.07%

Reducing Rate

7.38%

Max Loan Amount

150,000

Key Features

  • Loan amounts of up to AED 150,000
  • Competitive rate of interest
  • Islamic finance option is available
MASHREQ Non Salary Transfer Personal Loan for Expatriates

MASHREQ Non Salary Transfer Personal Loan for Expatriates

Mashreq Bank

SALARY TRANSFER

Yes

FIXED RATE

14.10%

MONTHLY SALARY

AED 7,000

REDUCING RATE

25.60%

  • No salary transfer or collateral required

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

14.10%

Reducing Rate

25.60%

Max Loan Amount

150,000

Key Features

  • Loan Amounts of up to AED 150,000
  • Competitive rates of interest
  • Comfortable repayment loan tenure of up to 48 months
  • No Salary Transfer or collateral required
  • Simple documentation and quick processing
  • Islamic finance option is available

Things To Be Aware Of

  • Loan Amounts of up to AED 150,000
MASHREQ Personal Loans for Emiratis

MASHREQ Personal Loans for Emiratis

Mashreq Bank

SALARY TRANSFER

Yes

FIXED RATE

0.00%

MONTHLY SALARY

AED 10,000

REDUCING RATE

0.00%

  • High loan amounts of up to 20 salary multiples

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

0.00%

Reducing Rate

0.00%

Max Loan Amount

3,000,000

Key Features

  • High loan amounts of up to 20 salary multiples
  • Max AED 3 million
  • Competitive rates of interest Top-up facility available for existing loan customers
  • Islamic finance option is available
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
SHARJAH ISLAMIC BANK Personal Finance

SHARJAH ISLAMIC BANK Personal Finance

Sharjah Islamic Bank (SIB)

SALARY TRANSFER

Yes

FIXED RATE

0.00%

MONTHLY SALARY

AED 5,000

REDUCING RATE

0.00%

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

0.00%

Reducing Rate

0.00%

Key Features

  • Fast & easy approvals
  • High finance amounts
  • Flexible payment periods
  • Up to three months grace period on first installment
  • Convenient monthly installments
  • Competitive rates
STANDARD CHARTERED Saadiq Personal Finance

STANDARD CHARTERED Saadiq Personal Finance

Standard Chartered Bank (SCB)

SALARY TRANSFER

Yes

FIXED RATE

4.16%

MONTHLY SALARY

AED 15,000

REDUCING RATE

7.55%

  • High Loan Amounts upto 20 times your salary

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 15,000

Fixed Rate

4.16%

Reducing Rate

7.55%

Max Loan Amount

1,000,000

Key Features

  • Access up to AED 500,000 at an attractive profit rate
  • Profit rates as low as 7.55% p.a. (reducing)
  • Take Over Facility 
  • Top Up Loan
  • Instalement Deferment Option
  • No minimum balance required on the operating account for the tenure of the loan
  • 24X7 Banking