Personal Loans in UAE for UAE Nationals

Flat Rate

3%

Minimum Salary

AED 8000

Reducing Rate

6.75%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

flat-rate

3%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

6.75%

Reducing Rate

loan-amount

AED 1000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free rewards credit card
  • Overdraft facility on current account
  • Phone banking facility

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 6.75% and 3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • The loan is provided for a interest rate of 6.75%

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 6.75%
  • Minimum salary of AED 8000 is required
  • The reduction rate and the flat rate is 6.75% and 3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 1,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • High Finance amount is provided by the bank
  • Along with this loan free credit card is offered
  • Provides insurance coverage for permanent disability and death
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Minimum Salary

AED 7500

Reducing Rate

7.24%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

minimum-salary

AED 7500

Minimum Salary

7.24%

Reducing Rate

loan-amount

AED 1000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Credit life insurance is not mandatory
  • Quick processing & approval
  • Flexible tenure

Benefits

  • Applicants can get up to AED 1,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme Finance buy-out facility is also provided with this loan

Benefits

  • Applicants can get up to AED 1,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme Finance buy-out facility is also provided with this loan
  • Determent facility available - maximum 2 times a year without additional profit
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Flat Rate

3.3%

Minimum Salary

AED 10000

Reducing Rate

5.99%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

flat-rate

3.3%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

5.99%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • High loan amount
  • Simple documentation
  • Can avail top-up facility

Benefits

  • Applicants can get up to AED 3,000,000 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 3,000,000 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
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Flat Rate

2.75%

Minimum Salary

AED 5000

Reducing Rate

5.99%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

flat-rate

2.75%

Flat Rate

minimum-salary

AED 5000

Minimum Salary

5.99%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free takaful insurance
  • High loan amount

Features

  • You are provided with an option to buy-out your present personal finance
  • There are no hidden charges
  • The reduction rate and the flat rate is 5.99% and 2.75%. This denotes that the computation done was a division of the reduction rate by 1.814

Features

  • You are provided with an option to buy-out your present personal finance
  • There are no hidden charges
  • The loan is provided for a interest rate of 5.99%
  • Minimum salary of AED 5,000 is required
  • The reduction rate and the flat rate is 5.99% and 2.75%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary
  • Finance up to AED 3,000,000
  • Early settlement fee is 1% of the loan amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 3,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Provides free Takaful insurance along with this scheme
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Minimum Salary

AED 7000

Reducing Rate

5.95%

Max Loan Amount

AED 5000000

Early Settlement Fee

1.05%

minimum-salary

AED 7000

Minimum Salary

5.95%

Reducing Rate

loan-amount

AED 5000000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Features

  • Maximum tenure of 48 months is provided
  • Applicant must be UAE national of at least 21 yrs old
  • Get fixed Interest rate at 4.89 % per year for Multi Product Package (with a salary transfer to your FAB account and holding a credit card from FAB) <br> Get Variable interest rate of 5.95% per year for a salary transfer to your FAB account without holding a FAB credit card <br> Reducing rates starts at 5.95% <br> Get up to AED 10,000 FAB rewards when you transfer salary to FAB account holding FAB credit card<br> Offers are valid only for UAE Nationals<br> This is a Variable Interest Rate Loan linked to a Personal Loan Base Rate<br> Interest rates listed are effective rates of outstanding balance<br> Interest rates may vary depending on credit score, approval criteria and income.

Features

  • Maximum tenure of 48 months is provided
  • Applicant must be UAE national of at least 21 yrs old
  • Get fixed Interest rate at 4.89 % per year for Multi Product Package (with a salary transfer to your FAB account and holding a credit card from FAB)
    Get Variable interest rate of 5.95% per year for a salary transfer to your FAB account without holding a FAB credit card
    Reducing rates starts at 5.95%
    Get up to AED 10,000 FAB rewards when you transfer salary to FAB account holding FAB credit card
    Offers are valid only for UAE Nationals
    This is a Variable Interest Rate Loan linked to a Personal Loan Base Rate
    Interest rates listed are effective rates of outstanding balance
    Interest rates may vary depending on credit score, approval criteria and income.
  • A minimum monthly salary of AED 7000 is needed
  • A maximum loan amount of AED 5 Million is provided

Benefits

  • You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 4.89 percent per year
  • Get the privilege of flexible repayment with 180 days first installment grace period.
  • Minimum documentation
  • Quick approval
  • Comprehensive life insurance coverage
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Flat Rate

2.99%

Minimum Salary

AED 10000

Reducing Rate

5.5%

Max Loan Amount

AED 4000000

Early Settlement Fee

1.05%

flat-rate

2.99%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

5.5%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Advantages

  • Free Credit Card
  • Only 1 month salary transfer is required

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The reduction rate and the flat rate is 5.5% and 2.99%.

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The loan is provided for a interest rate of 5.5%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 5.5% and 2.99%.
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 4,000,000
  • Early settlement fee is 1.05% of finance amount
  • Arrangement fee is 1.05% of loan amount

Benefits

  • Free Credit Card is provided along with this scheme
  • For the first year free of annual fee
  • Repayment period is long
  • Low minimum salary requirement is there for this scheme
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Flat Rate

3.72%

Minimum Salary

AED 5000

Reducing Rate

7.25%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

flat-rate

3.72%

Flat Rate

minimum-salary

AED 5000

Minimum Salary

7.25%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

0%

Arrangement Fee

Advantages

  • No processing fees
  • Free ADIB Booking.com Signature Card
  • Can postpone 2 installments per year

Overview

  • No processing fees are charged </li>
  • Can postpone 2 loan installments without any charges getting levied
  • Should submit latest bank statements

Overview

  • No processing fees are charged
  • Can postpone 2 loan installments without any charges getting levied
  • Should submit latest bank statements
  • Can get 120 days grace period before paying the first installment
  • High loan amount can be availed
  • Salary transfer is mandatory
  • Provides a free credit card with no annual fees in the first year
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Flat Rate

3%

Minimum Salary

AED 8000

Reducing Rate

5.5%

Max Loan Amount

AED 2500000

Early Settlement Fee

1%

flat-rate

3%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

5.5%

Reducing Rate

loan-amount

AED 2500000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free debit card
  • Current account with no minimum balance
  • Can avail top-up facility

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The reduction rate and the flat rate is 5.5% and 3%. This denotes that the computation done was a division of the reduction rate by 1.836

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • Enjoy the benefit of competitive interest rates & Interest rates range from a low 5.50% to a maximum of 18% per annum (reducing).
  • Minimum salary of AED 8,000 is required
  • The reduction rate and the flat rate is 5.5% and 3%. This denotes that the computation done was a division of the reduction rate by 1.836
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 2,500,000
  • Early settlement fee is 1% of finance amount
  • Life insurance is provided at 0.82%
  • Arrangement fee is 1% of loan amount

Benefits

  • For every loan amount of AED 100,000 you can earn up to 500 Attijari points
  • High Finance amount is provided by the bank
  • Availability of buy-out facility
  • Determent facility available - maximum 2 times a year without additional profit
  • Free Debit Card is provided along with this scheme
  • Free Current Account is provided along with this scheme with no minimum balance requirement
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Flat Rate

6.06%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 4000000

Early Settlement Fee

1.05%

flat-rate

6.06%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

Advantages

  • Can settle existing debts
  • Follows Sharia principles
  • High finance is provided

Overview

  • Can settle existing debts
  • Only UAE nationals are eligible
  • Salary transfer is mandatory

Overview

  • Can settle existing debts
  • Only UAE nationals are eligible
  • Salary transfer is mandatory
  • Can get finance based on sharia principles
  • Interest rates are based on the applicant’s profile
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Minimum Salary

AED 6000

Reducing Rate

4.89%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

minimum-salary

AED 6000

Minimum Salary

4.89%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The interest rate starts at 4.89%

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • Minimum salary of AED 6,000 is required
  • The interest rate starts at 4.89%
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 3,000,000
  • Early settlement fee is 1% of loan amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Can get up to AED 3,000,000 loan amount
  • Repayment period is long
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Personal Loans for UAE Nationals

Personal Loans are provided on competitive profit rates by several banks and financial institutes in the UAE region. The loan applicant has to meet the eligibility criteria and submit the required documents to get a personal loan in the UAE. The finance amount provided for UAE nationals is high and there is no collateral requirement being an unsecured type of loan. Several banks in the UAE provide personal loans for UAE. To find the best one that suits your preferred rates you need to compare personal loans and select the right one.


Top 10 Personal Loans for UAE nationals


Personal LoanMinimum SalaryLoan AmountInterest Rate(onwards)Benefits
ADIB Personal Finance for UAE NationalsAED 8000AED 3000K3.72%Free credit card and No processing fees
RAK Bank Personal LoanAED 3000AED 1500K2.75%Free Credit Card is provided
CBI Personal LoanAED 8000AED 1000K3%Free Rewards Credit Card is provided
ADCB Personal Loan for UAE Nationals AED 10,000AED 1500K2.89%Free Credit Card
Emirates NBD Personal Cash LoanAED 6000AED 800K4.86%Salary transfer is not required
Mashreq Personal Loan for UAE NationalsAED 10,000AED 3000K3.3%High finance is provided
National Bank of Fujairah Personal FinanceAED 10,000AED 3000K2.75%Free takaful coverage is provided
FAB Personal Loan for UAE NationalsAED 7000AED 5000K5.12%High finance amount
Dubai Islamic Bank Liability Settlement Finance for UAE NationalsAED 10,000AED 4000K6.06%High finance amount
Emirates Islamic Personal Finance for UAE NationalsAED 5000AED 4000K2.99%Free Credit Card


Eligibility of Personal loans for UAE Nationals

The basic eligibility criteria for nationals to get a personal loan in UAE are, 

  • Minimum salary: AED 3000 
  • Minimum age requirement: 21 years 
  • Maximum age: 65 years(at the end of the loan tenure)  
  • Salaried and Self-employed individuals are eligible 
  • Employment status: Length of service at the current employer must be 6 months or must have a confirm employment letter 
  • Salary transfer: Salary transfer criterion depends upon the bank and the applicant’s profile
  • Employment company must be listed with the bank

Documents Required for UAE Nationals

The basic documents required for UAE nationals for a personal loan are, 

  • Identity Proofs - Emirates ID 
  • Employment Proofs - Salary certificate, Salary transfer letter, 3-6 months bank statements 
  • Trade Licence for Self Employed individuals 

Banks request for more documents which vary with each applicant. 


Features of a Personal loan for Nationals in UAE

  • Maximum Loan Amount: Though the maximum loan UAE nationals can get depends upon the applicant’s monthly income, credit report, DBR, etc, AED 5000K is the maximum finance that is provided.  
  • Profit Rate: The profit rates charged starts from 1.62% (Flat rate) and 2.94% (reducing rate)
  • Processing Fees: The processing fees offered are 0% - 2% 
  • Early Settlement Fees: The Early settlement fees offered ranges between 0% - 2%
  • Islamic Finance: Most of the banks in the UAE offers both Islamic finance and conventional finance options
  • Tenure: The maximum tenure provided is 4 years. 

Benefits of a Personal loan for Nationals in UAE

Banks provide personal loans with some perks that are beneficial for the applicant. Like

  • No processing fees 
  • No early settlement fees 
  • Free credit card on the loan
  • Free Debit Card on the loan 
  • Can skip loan installments 
  • Free takaful coverage can be availed 

FAQs

⭐ What are the charges levied for takaful coverage on the personal loan?

A. The charges levied for takaful coverage on a personal loan is up to 2%. Some banks offer free takaful coverage on the loan as well.

⭐ Can I get my personal loan tenure extended?

A. Yes. If the bank agrees to extend your loan tenure which is called refinancing, you can get your personal loan tenure extended.

⭐ Is it mandatory to transfer the salary for the personal loan?

A. At most of the banks in the UAE, it is mandatory to transfer the salary to get a personal loan. However, there are banks that offer personal loans without salary transfer.