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Personal Loans in UAE for New to UAE/ New to Employment Individuals
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
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6%
AED 3000
11%
AED 4000000
1%
6%
Flat Rate
AED 3000
Minimum Salary
11%
Reducing Rate
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
6%
AED 3000
11%
AED 2000000
1.05%
6%
Flat Rate
AED 3000
Minimum Salary
11%
Reducing Rate
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
6%
AED 3000
11%
AED 4000000
1.05%
6%
Flat Rate
AED 3000
Minimum Salary
11%
Reducing Rate
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
3.57%
AED 7000
6.49%
AED 150000
1.05%
3.57%
Flat Rate
AED 7000
Minimum Salary
6.49%
Reducing Rate
AED 150000
Max Loan Amount
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
12.75%
AED 10000
9.29%
AED 600000
1.05%
12.75%
Flat Rate
AED 10000
Minimum Salary
9.29%
Reducing Rate
AED 600000
Max Loan Amount
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
6%
AED 3000
11%
AED 2000000
1.05%
6%
Flat Rate
AED 3000
Minimum Salary
11%
Reducing Rate
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
6%
AED 3000
11%
AED 4000000
1.05%
6%
Flat Rate
AED 3000
Minimum Salary
11%
Reducing Rate
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
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.