Salary Transfer Personal Loans

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

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 %

  • Competitive Profit Rates
  • High Finance Amount

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

Things To Be Aware Of

  • Max Loan:AED 1,250,000(Expats) AED 2,000,000 (UAE National)
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 Loan

ADCB Personal Loan

Abu Dhabi Commercial Bank (ADCB)

SALARY TRANSFER

Yes

FIXED RATE

6.25%

MONTHLY SALARY

AED 10,000

REDUCING RATE

11.33%

  • High Salary Multiples
  • Competitive interest rates
  • Simple Documentation
  • Credit Insurance
  • Involuntary loss of Employment cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

6.25%

Reducing Rate

11.33%

Max Loan Amount

250,000

Joining offers

ADCB TouchPoints awarded on ADCB Personal loan amount (AED 10,000 and above) are as follows:

  • 200 TouchPoints will be earned for every AED 1,000 of loan amount, when loan amount is AED 150,000 or less.
  • 300 TouchPoints will be earned for every AED 1,000 of loan amount, when loan is above AED 150,000.

Key Features

  • Highest salary multiples
  • Longest repayment periods
  • Low interest rates
  • Consolidation of loans available
  • Simple documentation
  • Credit Life Insurance
  • Free ADCB Credit Card
  • Plus up to 2 times salary overdraft
ADCB Personal Loan for Expatriates

ADCB Personal Loan for Expatriates

Abu Dhabi Commercial Bank (ADCB)

SALARY TRANSFER

Yes

FIXED RATE

6.25%

MONTHLY SALARY

AED 10,000

REDUCING RATE

11.33%

  • High Salary Multiples
  • Competitive interest rates
  • Simple Documentation
  • Credit Insurance
  • Involuntary Loss of Employment cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

6.25%

Reducing Rate

11.33%

Max Loan Amount

25,000

Joining offers

ADCB TouchPoints awarded on ADCB Personal loan amount (AED 10,000 and above) are as follows:

  • 200 TouchPoints will be earned for every AED 1,000 of loan amount, when loan amount is AED 150,000 or less.
  • 300 TouchPoints will be earned for every AED 1,000 of loan amount, when loan is above AED 150,000.

Key Features

  • Highest salary multiples
  • Longest repayment periods
  • Low interest rates
  • Consolidation of loans available
  • Simple documentation
  • Credit Life Insurance
  • Free ADCB Credit Card
  • Plus up to 2 times salary overdraft
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
Arab Bank Personal Loan

Arab Bank Personal Loan

Arab Bank

SALARY TRANSFER

Yes

FIXED RATE

3.30 %

MONTHLY SALARY

AED 5,000

REDUCING RATE

5.99 %

  • Competitive interest rates

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

3.30 %

Reducing Rate

5.99 %

Max Loan Amount

550,000

Key Features

  • Competitive interest rates starting from 5.99%
  • Convenient repayment tenure up to 4 years
  • Loan amount up to AED 550,000
  • Flexible repayment options
  • Loans buy– out facility
  • Grace Period of up to 45 days
  • Quick loan application processing time
CBD Personal Loan

CBD Personal Loan

Commercial Bank of Dubai (CBD)

SALARY TRANSFER

Yes

FIXED RATE

3.03 %

MONTHLY SALARY

AED 8,000

REDUCING RATE

5.50 %

  • Competitive Interest Rates
  • Loan upto 20X of your monthly salary

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.03 %

Reducing Rate

5.50 %

Max Loan Amount

750,000

Key Features

  • High loan amounts for UAE nationals and residents
  • Competitive interest rates starting from 5.50% reducing per annum
  • Flexible repayment period up to 48 months
  • Current account with minimum balance requirement waived
  • Interest rates are subject to individual profile and CBD credit analysis

Things To Be Aware Of

  • Employer should be listed with CBD
Citibank Salary Transfer Loan

Citibank Salary Transfer Loan

Citibank

SALARY TRANSFER

Yes

FIXED RATE

3.85%

MONTHLY SALARY

AED 8,000

REDUCING RATE

8.00%

  • Approvals in 1 day
  • Instant loan funding on final approval

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.85%

Reducing Rate

8.00%

Max Loan Amount

250,000

Key Features

  • Loans of up to AED 250,000 (Salary transfer to Citibank required)
  • Loan amounts of up to 20 times of your salary
  • Competitive interest rates
  • Fast Approvals - in 1 day
  • Instant loan funding upon final approval
  • Tenors from 6 months up to 48 month

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

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
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 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
EMIRATES NBD UAE National Personal Loan With Additional Income

EMIRATES NBD UAE National Personal Loan With Additional Income

Emirates NBD

SALARY TRANSFER

Yes

FIXED RATE

3.18%

MONTHLY SALARY

AED 10,000

REDUCING RATE

5.24%

  • Attractive interest rates
  • Double Insurance Cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

3.18%

Reducing Rate

5.24%

Max Loan Amount

3,000,000

Key Features

  • ttractive reducing interest rates starting from 5.24% reducing or 3.18% flat p.a.
  • Loan amounts up to AED 3,000,000
  • No collateral or guarantor required
  • Free Bank Account with no minimum balance requirement
FAB Buyout Loans

FAB Buyout Loans

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

4.08%

MONTHLY SALARY

AED 5,000

REDUCING RATE

7.40%

  • Competitive interest rates
  • High loan amounts

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

4.08%

Reducing Rate

7.40%

Max Loan Amount

5,000,000

Key Features

  • Competitive interest rates starting from as low as 7.40% p.a.
  • High loan amounts of up to AED 5 million for UAE nationals
  • Flexible repayment terms of up to 48 months (60 months for Ministry of Defense employees)
FAB Personal Loans for UAE Expats

FAB Personal Loans for UAE Expats

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

4.99%

MONTHLY SALARY

AED 7,000

REDUCING RATE

9.30%

  • Attractive loan amounts up to AED 2 Million
  • Competitive interest rates
  • Minimum documentation
  • Fleximble repayment terms
  • Quick and seamless processing

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

4.99%

Reducing Rate

9.30%

Max Loan Amount

4,000,000

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.

HSBC Personal Loan

HSBC Personal Loan

HSBC

SALARY TRANSFER

Yes

FIXED RATE

4.13%

MONTHLY SALARY

AED 7,500

REDUCING RATE

7.49%

  • Quick approvals and processing
  • No need for credit insurance
  • Apply for a payment holiday or a top-up

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,500

Fixed Rate

4.13%

Reducing Rate

7.49%

Max Loan Amount

750,000

Key Features

  • Quick approvals and processing
  • High Loan amounts
  • UAE Nationals may be eligible for a maximum loan amount of AED 1,000,000
  • For Expats, the eligibility is a maximum of AED 750,000
  • No credit life insurance required
  • Renewal options for 12 month loans
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 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
MASHREQ Personal Loans for Expatriates

MASHREQ Personal Loans for Expatriates

Mashreq Bank

SALARY TRANSFER

Yes

FIXED RATE

6.25%

MONTHLY SALARY

AED 5,000

REDUCING RATE

11.50%

  • Loan disbursals within 24 hours

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

6.25%

Reducing Rate

11.50%

Max Loan Amount

1,000,000

Key Features

  • High Loan Amount of up AED 1M
  • Competitive Interest Rates
  • Loan disbursals within 24 hours
  • Flexible repayment period

Things To Be Aware Of

  • Minimum 6 months length of service OR 'Confirmed'
NBF Personal Loan

NBF Personal Loan

National Bank of Fujairah (NBF)

SALARY TRANSFER

Yes

FIXED RATE

3.25%

MONTHLY SALARY

AED 5,000

REDUCING RATE

6.25%

  • Quick processing time

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

3.25%

Reducing Rate

6.25%

Key Features

  • Competitive interest rates
  • Flexible repayment terms
  • Loan amounts of up to 20 times your salary
  • Loan tenors of up to 48 months
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
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
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 Debt Consolidation Plan Loan

STANDARD CHARTERED Debt Consolidation Plan Loan

Standard Chartered Bank (SCB)

SALARY TRANSFER

Yes

FIXED RATE

3.89%

MONTHLY SALARY

AED 30,000

REDUCING RATE

7.05%

  • Competitive Interest Rates

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 30,000

Fixed Rate

3.89%

Reducing Rate

7.05%

Max Loan Amount

1,000,000

Key Features

  • Enjoy interest/profit rates from as low as 7.05% p.a., and better manage your finances
  • Flexible monthly repayment schedule from one to four years
  • Borrow up to AED 1,000,000 depending on your monthly salary and length of employment
  • Top Up Loan Instalement Deferment Option
STANDARD CHARTERED Personal Loan

STANDARD CHARTERED Personal Loan

Standard Chartered Bank (SCB)

SALARY TRANSFER

Yes

FIXED RATE

3.89%

MONTHLY SALARY

AED 30,000

REDUCING RATE

7.05%

  • Borrow up to 20 times your monthly income

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 30,000

Fixed Rate

3.89%

Reducing Rate

7.05%

Max Loan Amount

1,000,000

Key Features

  • Borrow up to 20 times your monthly income
  • 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
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
UNION NATIONAL BANK Education Loan

UNION NATIONAL BANK Education Loan

Union National Bank (UNB)

SALARY TRANSFER

Yes

FIXED RATE

4.96%

MONTHLY SALARY

AED 10,000

REDUCING RATE

9.00%

  • Loans cover 100% of the tuition and admission charges

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

4.96%

Reducing Rate

9.00%

Key Features

  • Attractive interest rates starting from 9% per annum
  • A loan covering 100% of annual tuition fees
  • 100% of admission fees
  • 50% of accommodation/hostel fees
UNION NATIONAL BANK Expatriates Loan

UNION NATIONAL BANK Expatriates Loan

Union National Bank (UNB)

SALARY TRANSFER

Yes

FIXED RATE

3.13%

MONTHLY SALARY

AED 5,000

REDUCING RATE

5.68%

  • Competitive interest rates
  • Free UNB Credit card

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

3.13%

Reducing Rate

5.68%

Max Loan Amount

5,000,000

Key Features

  • Interest rates starting from 5.68% per annum
  • Pay low monthly installments
  • Borrow up to 20 times your monthly salary
  • Repay over a period of up to 48 months
  • Get competitive interest rates
UNION NATIONAL BANK Rent Loan

UNION NATIONAL BANK Rent Loan

Union National Bank (UNB)

SALARY TRANSFER

Yes

FIXED RATE

4.96%

MONTHLY SALARY

AED 10,000

REDUCING RATE

9.00

  • Can apply within 60 days of tenancy contract start

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

4.96%

Reducing Rate

9.00

Key Features

  • Interest rates starting at 9% per annum
  • A loan to cover a full year’s rent on your UAE residence of choice
  • Manageable monthly installments

Things To Be Aware Of

  • Max tenure of 12 Months
UNION NATIONAL BANK UAE Nationals Loan

UNION NATIONAL BANK UAE Nationals Loan

Union National Bank (UNB)

SALARY TRANSFER

Yes

FIXED RATE

2.48%

MONTHLY SALARY

AED 10,000

REDUCING RATE

4.50%

  • Competitive interest rates
  • Free UNB Credit card

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

2.48%

Reducing Rate

4.50%

Max Loan Amount

500,000

Key Features

  • Competitive interest rates starting at 4.50% per annum
  • High loan amount
  • Flexible repayment period based on loan type
  • Consolidate all your debts in one payment
UNITED ARAB BANK Personal Loans for Expatriates

UNITED ARAB BANK Personal Loans for Expatriates

United Arab Bank (UAB)

SALARY TRANSFER

Yes

FIXED RATE

3.03%

MONTHLY SALARY

AED 7,500

REDUCING RATE

5.49%

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,500

Fixed Rate

3.03%

Reducing Rate

5.49%

Max Loan Amount

2,000,000

Key Features

  • Loans up to AED 2 Million
  • Repayment period up to 48 months
    Interest rates as low as 5.49%
UNITED ARAB BANK Personal Loans for UAE Nationals

UNITED ARAB BANK Personal Loans for UAE Nationals

United Arab Bank (UAB)

SALARY TRANSFER

Yes

FIXED RATE

3.03%

MONTHLY SALARY

AED 7,500

REDUCING RATE

5.49%

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,500

Fixed Rate

3.03%

Reducing Rate

5.49%

Max Loan Amount

2,500,000

Key Features

  • Loan amount up to 20 times of your salary
  • Repayment period up to 48 months
  • Interest rates as low as 5.49%
  • Loans available up to AED 2.5 million

Apply for Personal Loans

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