Personal Loan up to 8 times of Your SalaryPersonal Loan Approval in 9 Minutes

Installment as low as AED 300
No Salary Transfer Required
Flexible Repayment Options
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Personal Loans in UAE

Personal Loans in UAE are considered an unsecured loan where there is no need for any collateral. Personal Loans in UAE can be availed by both UAE Nationals or Expats working in UAE.  Eligibility to avail personal finance in UAE depends on various factors like monthly income, employment status, age, tenure of employment, and most importantly your Credit History.

As per the UAE Law, the maximum Personal Loan amount can be availed up to 20 times the Monthly Salary with a maximum repayment tenure of 48 months.

Personal Loans Interest Rates 

Flat Rate: The calculation on a flat rate loan is based on the total principal of the loan itself and the interest rate calculated for each individual pay period. For example, a loan of AED 1,200 at a rate of 5 percent for one year would be paid on the basis of paying back AED 100 per month for 12 months. At a rate of 5 percent, the monthly interest payment would be AED 5.

Therefore, the entire monthly payment would amount to AED 105. This would result in a total interest payment of AED 60 for the entire year.


Reducing Rate: In reducing rate loans the principal amount of the loan will drop by a certain amount each month, depending upon how much is paid back on a monthly basis. Therefore, the actual amount of interest charged on a monthly basis gradually reduce over time.

Best Personal Loans in UAEList of top Salary Transfer and Non-Salary Transfer Personal Loans in UAE for the year 2020.

Personal Loan Providers Reducing Interest Rate Minimum Salary RequiredSalary Transfer
ADCB Personal Loan6.25%AED 5,000Required
RAKBANK Personal Loan4.99%AED 5,000Required
Emirates NBD Personal Loan Without Salary Transfer14.99 % AED 10,000 Not Required
FAB Personal Loan 9.29 % AED 7,000 Required
Deem Finance Personal Loan14.00 % AED 5,000Not Required
Citi Personal Installment Loan13.99%AED 10,000Not Required
Finance House Personal Loan 9.99 % AED 5,000Not Required
Dubai Islamic Bank 8.99% AED 3,000 Not Mandatory
Samba Bank Personal Loan 9.00% AED 10,000 Not Mandatory

*Disclaimer: Interest Rates are subject to change.

ADCB Personal Loan

Personal Loan for Expats.

Interest rate starting from 6% per annum

Up to 2 times Salary overdraft with flexible eligibility criteria

Up to 300 TouchPoints for every AED 1,000 of the loan amount

Free ADCB Credit Card

Credit life insurance

RAK Bank Personal Loan

Interest rate starting from 3.99% per annum

FREE RAKBANK Debit Card and personalized cheque book

Top up loan after 1 year

FREE RAKBANK Credit Card with no annual fee ever and low interest rates

Flexible repayment periods of up to 48 months