Personal Loan in UAE with Zero Processing Fees
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Advantages
- Finance is based on Sharia principles
- Quick processing
- High loan amount
Overview
- Can settle existing debts
- Only expats are eligible
- Salary transfer is mandatory
Overview
- Can settle existing debts
- Only expats are eligible
- Salary transfer is mandatory
- Can get finance based on sharia principles
- Interest rates are based on the applicant’s profile
Explore
Hide ExploreAdvantages
- Flexible tenure
- Quick processing
- High finance
Features
- Length of service should be minimum 6 months
- Need to provide salary transfer letter in Mashreq format
- Only Expats can apply for this scheme
Features
- Length of service should be minimum 6 months
- Need to provide salary transfer letter in Mashreq format
- Only Expats can apply for this scheme
- The loan is provided for a interest rate of 6.49%
- Minimum salary of AED 7,000 is required for an approved company. For non-listed companies, AED 10,000 is required.
- The reduction rate and the flat rate is 6.49% and 3.57%. 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 1.05% of finance amount
- Arrangement fee is 1.05% of loan amount
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
- Credit Card, Cheque book and debit card is provided free along with this scheme
- Applicants can get finance for non-listed companies in UAE too
Advantages
- Personal life insurance coverage is provided
- Quick approval
Benefits
- Comprehensive personal life insurance coverage
- You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 5.34 percent per year
- Get the privilege of flexible repayment with 120 days first installment grace period.
Benefits
- Comprehensive personal life insurance coverage
- You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 5.34 percent per year
- Get the privilege of flexible repayment with 120 days first installment grace period.
- Enjoy quick and easy approvals with hassle free documents.
- Get up to AED 7,500 FAB rewards when you transfer salary to FAB account holding FAB credit card
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
Advantages
- Free debit card
- Current account with no minimum balance
- Can avail top-up facility
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 5.5% and 3.03%. 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 5.5%
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 5.5%
- Minimum salary of AED 8,000 is required
- The reduction rate and the flat rate is 5.5% and 3.03%. 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 750,000
- Early settlement fee is 1% of finance amount
- Takaful fee is 0.82% of the finance amount
- Arrangement fee is 1% of loan amount
Benefits
- 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
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
Advantages
- Free Credit Card
- Low processing fees
- Only 1 month salary transfer is required
Features
- Repayment period is up to 4 years
- The flat rate and the reduction rate is 3.99% and 7.34%.
- The loan is provided for a interest rate of 7.34%
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 7.34%
- Minimum salary of AED 10,000 is required
- The flat rate and the reduction rate is 3.99% and 7.34%.
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 2,000,000
- Early settlement fee is 1.05% of finance amount
- Arrangement fee is 1% 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
Advantages
- Free 0 balance account
- Low interest rates
- High finance amount
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 5.69% and 3.03%.
- The loan is provided for competitive interest rates & starting from 5.69%
Features
- Repayment period is up to 4 years
- The loan is provided for competitive interest rates & starting from 5.69%
- Minimum salary of AED 5000 is required
- The reduction rate and the flat rate is 5.69% and 3.03%.
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 3,000,000
- Early settlement fee is 1.05% of finance amount
- Arrangement fee is 1.05% of loan amount
Benefits
- Expats can get up to AED 3,000,000 loan amount
- Get a zero-balance account
- Get a Free Miles or points credit card
- Around 560 ATMs of the Emirates NBD are there around the UAE
- New Employees can also apply for this scheme
- Initial payment postponement extends for a maximum of 60 days.
- You can miss up to two non-consecutive installments per year
- Free Debit Card and bank account is provided along with this scheme
- The repayment period is long
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
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
Personal Loans in UAE
A personal loan is an unsecured type of loan. It is offered to UAE nationals and expats in the UAE.
Banks offer several benefits on a personal loan in UAE like free credit cards, debit cards, installment holidays, and much more. Amongst several benefits, the ZERO processing fee is also a key benefit provided on a personal loan.
Usually, when applied for a personal loan, 1% - 2% of the loan amount is charged as a processing fee or arrangement fee on the loan. Some banks offer personal loans for zero/ low processing fees.
Personal Loans in UAE with Zero Processing fees
ADIB Personal Loan in UAE
ADIB offers personal loans for NO processing/ arrangement charges on the loan.
| ADIB Personal Loan | Minimum Salary | Profit Rate (Onwards) | Maximum Finance Amount |
| ADIB Education Finance | AED 8000 | 7.25% | AED 2500K |
| ADIB Goods Murhaba | AED 8000 | 7.25% | AED 3000K |
| ADIB Travel Finance | AED 8000 | 7.25% | AED 250K |
| ADIB Boat Finance | AED 8000 | 7.25% | AED 3000K |
FAQs
⭐ Are both expats and UAE nationals eligible for NO processing fees on ADIB finance?
A. Yes. Both expats and UAE nationals are eligible for NO processing fees.
⭐ What is the maximum tenure provided on the Zero processing fee ADIB loan?
A. The maximum tenure provided on the Zero processing fee personal loan is 4 years.
⭐ Can I get a pre-approval for the ADIB loan?
A. Yes. ADIB offers pre-approval facility for the loan.
⭐ What are the other benefits provided on ADIB personal finance?
A. ADIB offers a free credit card on Personal Finance. Check ADIB Personal Loans in UAE for more details.