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Citibank Personal Installment Loan

Citibank Personal Installment Loan

Citibank

SALARY TRANSFER

No

FIXED RATE

7.71%

MONTHLY SALARY

AED 8,000

REDUCING RATE

14.00%

  • No Salary transfer required
  • Minimum Documentation
  • Stand a chance to win AED 15000 Dnata Voucher.

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

Get up to AED 1,250 in noon e-vouchers. T&C Apply

Key Features

  • Loans of up to AED 175,000 (No salary transfer to Citibank required)
  • Loans of up to 8 times your salary
  • Competitive interest rates
  • Fast Approvals - in 1 day
  • Loan funding in 1 day
  • Tenors from 6 months up to 48 months

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

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.