Personal Loans in UAE for New to UAE/ New to Employment Individuals

Loans for New to UAE/ New to Employment Individuals

UAE is a country with a majority of expat population. People come here to fulfill their financial dreams. Banks in the UAE help the residents who are new to the UAE or Employment by providing financial assistance. 


Banks providing Loans to New to UAE/ Employment

Emirates NBD Personal loan for New to Country or New to Employment 

Emirates NBD offers personal loans for individuals who are new to the UAE or new to employment.

Features 

  • Applicants must have a minimum salary of AED 10,000 
  • No minimum length of service is required 
  • Maximum finance of AED 600,000 is provided
  • Free bank account is provided 
  • Free debit card is provided 
  • Can skip up to 2 installments yearly 
  • The flat rate is 2.77% and the reducing rate is 5.24%
  • Salary transfer to Emirates NBD account is required

Mashreq Personal loan for New to UAE/New to Employer 

Mashreq offers a low salary requirement for people who are new to UAE or new to employment. 

Features 

  • Minimum Salary of AED 7000 is required 
  • Maximum finance of AED 150,000 is provided 
  • Salary transfer is required 
  • Non-listed company employees are eligible with a monthly salary of AED 10,000
  • Interest rate starters from 3.57%(flat-rate) and 6.49%(reducing rate)

FAB Personal Loan for New-to-Country Loan/ New-to-Employment Loan

FAB offers personal loans for new to UAE or employment on attractive interest rates and high finance. 

Features 

  • A minimum salary of AED 10,000 is needed 
  • Maximum finance provided is AED 600,000
  • Interest rates charged are 5.12%(flat rate) and 9.29%(reducing rate) 
  • Provides comprehensive life insurance coverage

FAQs

⭐ Is it mandatory to transfer salary to Emirates NBD account?

A. Yes. Salary transfer is mandatory to avail Emirates NBD Personal loan for New to Country or New to Employment loan.

⭐ Applicants with 1-month length of service at work are eligible?

A. Yes. New to employment individuals are eligible.

⭐ Is Emirates ID a mandatory document?

A. Yes. Emirates ID is a mandatory document for a personal loan.