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

Flat Rate

6%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 4000000

Early Settlement Fee

1%

flat-rate

6%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

Advantages

  • Finance for sharia-compliant services
  • High finance

Overview

  • Provides finance to fund services
  • Services include: Rent in advance, wedding, education, travel finance, etc that are sharia approved
  • Can get the high loan amount

Overview

  • Provides finance to fund services
  • Services include: Rent in advance, wedding, education, travel finance, etc that are sharia approved
  • Can get the high loan amount
  • Low salary requirement
  • Longer tenure is provided
  • Hassle-free documentation
  • Eligible for UAE nationals
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Flat Rate

6%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 2000000

Early Settlement Fee

1.05%

flat-rate

6%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 2000000

Max Loan Amount

Advantages

  • Finance for sharia-compliant services
  • High finance

Overview

  • Provides finance to fund services
  • Services include: Rent in advance, wedding, education, travel finance, etc that are sharia approved
  • Can get the high loan amount

Overview

  • Provides finance to fund services
  • Services include: Rent in advance, wedding, education, travel finance, etc that are sharia approved
  • Can get the high loan amount
  • Low salary requirement
  • Longer tenure is provided
  • Hassle-free documentation
  • Expats are eligible
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Flat Rate

6%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 4000000

Early Settlement Fee

1.05%

flat-rate

6%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

Advantages

  • High finance is provided
  • Quick processing of loan
  • Low salary requirement

Overview

  • Quick processing of a loan
  • Provides loan on low salary requirement
  • Can avail payment holiday benefit

Overview

  • Quick processing of a loan
  • Provides loan on low salary requirement
  • Can avail payment holiday benefit
  • Applicant’s company must be listed with the bank
  • Salary transfer is mandatory
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Flat Rate

3.57%

Minimum Salary

AED 7000

Reducing Rate

6.49%

Max Loan Amount

AED 150000

Early Settlement Fee

1.05%

flat-rate

3.57%

Flat Rate

minimum-salary

AED 7000

Minimum Salary

6.49%

Reducing Rate

loan-amount

AED 150000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Benefits

  • Applicants can get up to AED 1,500,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme

Benefits

  • Applicants can get up to AED 1,500,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Availability of Islamic Finance option
  • Applicants from non-listed companies are also eligible
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Flat Rate

12.75%

Minimum Salary

AED 10000

Reducing Rate

9.29%

Max Loan Amount

AED 600000

Early Settlement Fee

1.05%

flat-rate

12.75%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

9.29%

Reducing Rate

loan-amount

AED 600000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Benefits

  • People new to UAE or new to employment are also eligible
  • Provides comprehensive life insurance coverage
  • Hassle free documentation

Benefits

  • People new to UAE or new to employment are also eligible
  • Provides comprehensive life insurance coverage
  • Hassle free documentation
  • Quick approval
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Flat Rate

6%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 2000000

Early Settlement Fee

1.05%

flat-rate

6%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 2000000

Max Loan Amount

Advantages

  • Provides finance for sharia compliant goods
  • High loan amount
  • Low salary requirement

Overview

  • Provides finance to purchase goods
  • Can get finance to purchase electronics, furniture, boat, jet skies, etc. and also sharia-compliant goods will be funded
  • Maximum finance approved will be dependent on the applicant’s profile

Overview

  • Provides finance to purchase goods
  • Can get finance to purchase electronics, furniture, boat, jet skies, etc. and also sharia-compliant goods will be funded
  • Maximum finance approved will be dependent on the applicant’s profile
  • Provides finance for a low salary requirement
  • Expats are eligible
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Flat Rate

6%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 4000000

Early Settlement Fee

1.05%

flat-rate

6%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

Advantages

  • Provides finance for sharia compliant goods
  • High loan amount
  • Low salary requirement

Overview

  • Provides finance to purchase goods
  • Can get finance to purchase electronics, furniture, boat, jet skies, etc. and also sharia-compliant goods will be funded
  • Maximum finance approved will be dependent on the applicant’s profile

Overview

  • Provides finance to purchase goods
  • Can get finance to purchase electronics, furniture, boat, jet skies, etc. and also sharia-compliant goods will be funded
  • Maximum finance approved will be dependent on the applicant’s profile
  • Provides finance for a low salary requirement
  • Only UAE nationals are eligible
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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.