Personal Loan In Dubai
Applying Personal Loan or Credit Card in uae to fulfill your financial emergencies is not that hard but you can face problems if you are applying for the first time. You may get confused with which institution to process with, which institution will offer best rates.
But here in uaecashloans you don't need to visit here and there and dig up all the information that you need. Just fill all your details and Bankers from all major banks will contact you instantly to assist you with your application. You can compare and proceed with your best choice.
Our efforts are to reduce the distance between a customer and a banker and to make everything hassle free and transparent.
To apply for a personal loan or credit card in uae, you should be a UAE resident, in full time employment and with a clean credit history.
Yes, that’s right - the UAE now has credit check bureau.
Most banks will offer loans, credit cards etc. and the process is generally the same - proof of ID, proof of income (salary certificate) and in some cases, a visit or call to your employer.
Credit Bureau in UAE
Al Etihad Credit Bureau has been established in UAE to collect credit account information including the original amount of a loan, the credit limit on a credit card, the balance on a credit card or other loan, and the payment status of the account. This credit report reveals whether you are a good borrower or a bad borrower. Banks will have access to an individual’s payment history and current loans status.
The reports will help banks approve or reject requests for credit. Those with a poor repayment history could be declined a loan, even if they have the capacity to pay.