Applying Personal Loan in UAE may drop you into a confusion of choosing the right Bank that may provide you the best deal as per your current requirements. Locals and Expats working in UAE, sometimes find difficulty to spare time in gathering all the information regarding credit facilities available in the market and end up into selecting whatever comes upfront towards them. This may result you paying more than you need to.
The question is why to pay more ? Compare all banks across UAE and choose the best that suits your need.
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So apply for Personal Loan in UAE with us, to fulfill all your financial emergencies or any personal expense like -for wedding, medical emergencies, to renovate home or even for planning a vacation and save your time and money.
Types of Personal Loan in UAE
Apply for Personal Loan In UAE with salary transfer and get Loan upto 20 times of your salary at lowest interest rate in UAE. Transferring your salary to lending bank could provide you a lot of benefits. Low interest rates, Flexible repayment options, free Credit Card and lot more. To apply for a Salary Transfer Loan applicant need to provide a Salary Transfer Letter from the employer. Salary Transfer Loan is considered as a secured loan. Mostly top Organisation or listed company employees are eligible to apply for the same.
Non Salary Transfer Loan
Salary Transfer to lending bank is no more mandatory to apply for a Personal Loan in UAE. Interest rate to apply for a Non Salary Transfer Loan in UAE is little higher in comparison to Salary Transfer Loan as it is considered as an unsecured Loan. All Listed and Non Listed company employees can apply for Non Salary Transfer Loan in UAE. Apply Loans upto 20 times of Salary with a repayment options upto 48 Months. Compare and find banks which provides Personal Loan without salary transfer.
Buyout Loan or Debt consolidation is like a refinancing your all liabilities into One. If an individual is unable to pay multiple liabilities and getting overburden, he/she can opt for a Buyout or Debt consolidation. In this situation the Bank or the Financial Institution will take over all the existing liabilities like Loans and Credit Cards and convert it into one Installment which is easy to pay. Also he/she can apply for an additional cash in hand if eligible subject to DBR should be in under control i.e below 50% of salary.
Documents required for Personal Loan in UAE
KYC Documents [ Passport, Visa and Emirates ID Copy ].
Income Proof [ Salary Certificate or Payslips ].
Bank Statement 3 to 6 Months.
Liability Letter in case of Buyout.