Salary Transfer Loan

Apply for a Salary Transfer Loan !

Salary Transfer Loan in UAE

Salary Transfer Loan is considered as a secured Loan in UAE, as the applicant need to transfer his/her Salary to the Lending Bank to avail any Loan services. A Salary Transfer Loan gives you a privilege to avail high volume of Loan amount i.e upto 20 multiples of your salary at a lower Interest Rate in comparison to Non Salary Transfer Loan where the Interest Rate is charged is quite high.uaecashloans

Transferring you salary to lending bank also gives you other benefits like Pre approved Credit Cards, Over Draft facilities and much more. Salary Transfer reduces the risk factor for the bank to lend and hence there are more chances of getting your loan approved. 

Mostly salary transfer loans are designed for the people working under approved list of companies by the bank.

Best Salary Transfer Personal Loan Interest Rates/Profit rates in UAE

*All the interest rates and terms are dynamic, the data provided on is for information purposes only and does not constitute advice. Please always check with the banks/financial providers directly before committing yourselves. 

Documents Needed to Apply for a Salary Transfer Loan

  1. KYC Documents [ Passport Copy, Visa Copy and Emirates ID Copy ].

  2. Salary Certificate.

  3. 3 to 6 Month Salary Account Statement.

  4. Salary Transfer Letter addressed to Lending Bank.

Eligibility : 

  1. Applicant should earn a minimum fix income as per the bank's eligibility requirement.

  2. Applicant should be at least 21 Years old at the time of loan application and max 61 year old at the time of loan maturity.

  3. Applicant should completed 6 months in the company or should be a confirmed employee with documented proof.

  4. Applicant should have received last 3 months consecutive salaries in bank account.

  5. Salary Transfer is mandatory.

  6. AECB Score is mandatory and depends on Bank to Bank.