UAE National Personal Loans

• 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

• 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

• 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

• 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

• 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

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.

• 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

• 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

• 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

• 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

• 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