Simplify Your Finances with a Buyout Loan in UAE
A Buyout Loan in Dubai can help you consolidate all your liabilities into one manageable payment.
Check Your Eligibility
What is a Buyout Loan?
A Buyout Loan, also known as a debt consolidation loan, allows you to combine multiple existing loans or credit card debts into a single loan with more favorable terms. This type of loan is ideal for individuals looking to simplify their finances, reduce monthly payments, or lower their interest rates.
In the UAE, many banks and financial institutions offer buyout loans specifically designed to help residents manage their outstanding liabilities more efficiently. With a buyout loan in UAE, you can transfer your existing liabilities from other banks and repay under one fixed monthly installment.
Whether you’re dealing with credit card debt, personal loans, or high-interest obligations, a buyout loan in Dubai can help ease your financial burden. These loans often come with longer tenures and better rates, making it easier to plan and manage your finances.
A debt consolidation approach through a buyout loan not only makes repayment easier but can also improve your credit score by reducing your overall credit utilization. If you’re struggling to keep up with multiple EMIs, consolidating your debt through a buyout loan may be the smartest financial move.
Why Choose a Buyout Loan or Debt Consolidation in UAE?
Consolidate Your Debts Easily
Combine multiple loans into one with a single monthly payment, simplifying your finances.
Save on Interest Costs
Take advantage of lower interest rates offered through buyout loans to reduce your overall repayment amount.
Improve Your Cash Flow
Extend your repayment tenure or reduce monthly installments, making managing your budget easier.
| 👤 UAE Resident or UAE Local |
| 🛂 Minimum age 21 years at the time of application |
| 📅 3 to 6+ Months of Employment as per bank policy |
| 💰 AED 5,000 Minimum Monthly Fixed Salary |
| 💼 Salary Transferring to Bank via WPS |
| 🆔 Valid Emirates ID |
| 📜 Valid Passport with Residency Visa |
| 🏢 Salary Certificate and Salary Transfer Letter |
| 📅 Liability Letters |
| 🏦 Last 3-6 Months Bank Statements |
Top Banks Offering Buyout Loan in UAE
| Logo | Bank Name | Min. Salary | Interest Rate From | Check |
|---|---|---|---|---|
|
First Abu Dhabi Bank (FAB) | AED 7,000 | 2.99% | Check Eligibility |
|
Emirates NBD | AED 5,000 | 3.29% | Check Eligibility |
|
Abu Dhabi Commercial Bank (ADCB) | AED 8,000 | 3.49% | Check Eligibility |
|
Mashreq Bank | AED 7,000 | 2.79% | Check Eligibility |
Frequently Asked Questions
A loan buyout (also called a loan takeover or loan consolidation) is when a new bank pays off your existing loan(s) from other banks and offers you a single new loan with potentially better terms — such as lower interest, longer tenure, or reduced EMI.
Yes, potentially. If your current loan has a high interest rate or shorter tenure, a buyout loan can reduce your monthly installments or total interest paid, especially if you have improved your credit score or income since taking the original loan.
Yes, you can apply for a buy-out loan to consolidate or refinance your existing loan.
A Liability Letter is an official document issued by your current bank or lender, stating the exact amount you still owe on your existing loan or credit card. It is mandatory when you’re applying for a buyout loan in the UAE.