Get personal loan at lowest interest rate
Personal Loan up to 10 times your Salary

Non Salary Transfer LoanLoan up to 8 times salary

Apply for a Personal Loan in  UAE without the hassle of transferring your salary to the lending bank. A loan without salary transfer is possible now.

Get high loan volume at competitive interest rates. All expatriates and UAE nationals may apply for a loan without a salary transfer. The quick process with limited documents.

Basically, these type of loans comes with certain restrictions as it is considered as an unsecured loan in UAE. As a non-salary transfer loan facility increases the risk factor for the bank to lend, the interest rate is quite high as compared to salary transfer loans in UAE.

How do UAE Cash Loans help to apply for a Loan without Salary Transfer?

A lot of people are not aware of the facility of personal loans in UAE without salary transfer due to lack of information. With uaecashloans.com it’s very easy to find a loan without salary transfer in a fraction of a second. You can compare the various interest rates provided by the banks and financial institutions and can choose the best that suits your need.

Personal Loan without company listing

A lot of people in the UAE faced rejection for their loan applications just because the employer they work for is not listed with the bank or the financial institution. But now the time has changed, availing of personal loans without company listing is no more difficult in UAE. Small and medium-size company employees may also apply for personal loans without company listing or may request the bank or financial institution to list the company. To list a company the bank or the financial institution may ask few documents from the employer like Trade Licence, Employee list, and company audit report.

Mostly personal loans without company listing may be applied through the non-salary transfer loan category. The interest rates might be slightly higher than salary transfer loans but here company listing is not mandatory. The loan applicant can avail loan up to 20 times his salary subject to bank eligibility criteria.

Features and Benefits of Non Salary Transfer Loan in UAE

There is a list of benefits to opting for a Non Salary Transfer Loan in the UAE:

No hassle of Salary Transfer: Transfering your salary to the lending bank is not required with a non-salary transfer loan. No hassle of opening a new account with the lending bank and completing related formalities. Get up to 8 multiples of salary loans without transferring your salary.

Easy Documentation: Easy documentation process with applicant’s KYC and income proof documents only. Bank may ask for additional documents on case to case basis.

Fast Approval: Quick approvals and fast disbursal of loans.

Eligibility for Non-Salary Transfer Loan

Minimum fixed income of AED 5,000.

Minimum age of the applicant should be 21.

Good and healthy Credit Score or Credit History.

Minimum 6 months at the present company.

Bank account with regular salary credit.

Documents for Non-Salary Transfer Loan

KYC Documents – Passport and Visa Copy, Emirates ID.

Income Proof – Salary Certificate or Payslips.

Latest 3-6 Months Bank statement.

Security Cheque as per bank’s discretion.

Top Banks offering Personal Loan in UAE without Salary Transfer

Personal Loan Providers Reducing Interest Rate Minimum Salary RequiredMaximum Loan Amount
Emirates Islamic Personal Finance for UAE Nationals5.5%AED 10,000AED 4,000,000
Citibank Personal Installment Loan13.99%AED 10,000AED 175,000
Dubai Islamic Bank Personal Loan8.99%AED 3,000AED 4 million for Emiratis AED 2 million for Expats
Finance House Personal Loan20%AED 5,000AED 250,000
Deem Finance Personal Finance15.99%AED 5,000NA

1. Emirates Islamic Personal Finance for UAE Nationals

Emirates Islamic Bank Personal Loan without salary transfer Features:

Minimum salary requirement: AED 10,000 Maximum Loan Amounts: – AED 400,000
Sharia-Compliant: YES Reducing Interest Rate: 5.50%
Processing fee is 2.50% Early Settlement Fees: 1%

 High salary multiples

 The processing fee is 2.50% of the finance amount (Min AED 500, Max AED 2,500)

 This finance is sharia-compliant

 Pre-approved credit card

Eligibility:

 The minimum age of the applicant should be 21.

 Salary transfer not required.

2. Citibank Personal Installment Loan

Citibank Personal Loan without salary transfer Features:

Minimum salary requirement: AED 10,000 Maximum Loan Amounts: 175,000
Sharia-Compliant: NO Reducing Interest Rate: 13.99%
Processing Fee: 0% Early Settlement Fee: 1% of the remaining balance or AED 10,000 (whichever is lower)

Easy apply with ID only

Loans of up to 8x salary

Quick approvals

Eligibility:

The minimum age of the applicant should be 21.

Salary transfer not required

3. Dubai Islamic Bank Personal Loan

Dubai Islamic Bank Loan without salary transfer Features:

Minimum salary requirement: AED 3,000 Maximum Loan Amounts: – AED 4 million for Emiratis AED 2 million for Expats
Sharia-Compliant: YES Reducing Interest Rate: 8.99%
 Processing Fee: 1% Early settlement Fees: AED 1,050 – AED 2,620

This finance is sharia-compliant

Simple, quick approval process

Murabaha structure followed

Nominal processing fees

Eligibility:

The minimum age of the applicant should be 21.

Salary transfer not required.

4. Finance House Personal Loan

Finance House Personal Finance without salary transfer Features:

Minimum salary requirement: AED 5,000 Maximum Loan Amounts: – Up to AED 4 Million
Sharia-Compliant: No Reducing Interest Rate: 20%
Processing Fee: 1% (min AED 500, max AED 2,500) Early settlement Fees: 1% of outstanding balance (max AED 10,000)

Free for life credit card

Flexible repayment period

Available to UAE Nationals & expatriates

Simple and hassle free documentation

Eligibility:

Minimum age of the applicant should be 21.

Salary transfer not required.

5. Deem Finance Personal Finance

Deem Finance Personal Loan without salary transfer Features:

Minimum salary requirement: AED 5,000 Maximum Loan Amounts: NA
Sharia-Compliant: No Reducing Interest Rate: 15.99%
Processing Fee: 1% (min AED 500, max AED 2,500) Early Settlement Charges: 1.05% of the remaining balance

Flexible Repayment tenors

Less paper work

Quick Processing

Affordable monthly instalments

Eligibility:

Minimum age of the applicant should be 21.

Salary transfer not required

Frequently Asked Questions

Can I avail a non-salary transfer personal loan without a bank statement?

No. A bank statement with regular salary credits is a mandatory document to apply for a personal loan without salary transfer in UAE.

What is the minimum salary requirement to apply for a Loan without a salary transfer in UAE ?

The minimum salary requirement to apply for a loan without salary transfer in UAE starts from AED 3000. However, it’s the sole discretion of the bank and changes from time to time.

Do Banks check AECB or Credit report for applying Non-Salary Transfer Loan in UAE?

Yes, all banks and financial institutions in UAE do check your Credit Score to evaluate your creditworthiness before providing any credit facility.

My company is not listed in any bank. Can I apply for a loan ?

Yes, people working in a Non-Listed Company may also apply for a loan without a salary transfer in UAE.

Is there any minimum work experience required to be eligible for a personal loan in UAE without salary transfer?

Yes, a minimum of 6 months in the present company is required to be eligible for a non-salary transfer loan in UAE.