Personal Loans Without Salary Transfer

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

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

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

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
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.
FAB Landlord Loans

FAB Landlord Loans

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

5.10%

MONTHLY SALARY

AED 5,000

REDUCING RATE

9.25%

  • Competitive Interest Rates

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

5.10%

Reducing Rate

9.25%

Max Loan Amount

2,000,000

Key Features

  • Variable interest rate starting from 9.25% p.a.
  • Generous loan amounts of up to AED 2 million
  • Flexible repayment terms of up to 48 months
  • Repayment from rental income received on properties managed by select banks

Things To Be Aware Of

  • Repayment from rental income managed by select banks
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
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 Non-Salary Transfer Loan

UNION NATIONAL BANK Non-Salary Transfer Loan

Union National Bank (UNB)

SALARY TRANSFER

Yes

FIXED RATE

7.72%

MONTHLY SALARY

AED 10,000

REDUCING RATE

14.00%

  • Free bank account
  • No salary transfer required

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

7.72%

Reducing Rate

14.00%

Key Features

  • Competitive interest rate starting at 14% per annum
  • No salary transfer required