Personal Loan for AED 2500 salary in UAE
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Thank you for providing your details.List of Personal Loans with salary of AED 2500
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
- 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
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
- 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
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
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
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
Features
- The repayment period is up to 4 years
- Can combine multiple finances into one
- Interest rate starts at 7%
Features
- The repayment period is up to 4 years
- Can combine multiple finances into one
- Interest rate starts at 7%
- Minimum salary of AED 3000 is required
- Early settlement fee is 1% of outstanding finance amount
- Arrangement fee is 1.05% of the finance amount
Benefits
- Finance is provided to consolidate existing loans
- Additional finance is provided after consolidating the loans
- Repayment period is long
- High loan amount is provided
- Can pay the first instalment upto 120 days
- Processing is quick
Personal Loan for AED 2500 salary in UAE
It is highly unlikely for banks in UAE to offer loans with salary less than AED 3000. Some of the options you can try are FAB Lifeline - Revolving Overdraft. But there are certain things obligations attached with it and your favorability of availing these loans depends on case to case. Such as for FAB, it is not a personal loan it is an overdraft facility provided on a minimum salary of AED 2000.
Documents required
This may vary from bank to bank or circumstances.
- Loan application form – completed and duly signed.
- Some identity documents like Passport, copy of the VISA, Emirates ID, etc.
- For Expatriates – Valid Passport with a valid UAE residence Visa.
- Salary certificate and/or salary transfer letter
- Statement(s) of your bank account(s)
- For self-employed individuals – Trade License
Eligibility
Like documents, this may vary too from bank to bank:
- You must be at least 21 years of age.
- You must be currently employed and working for around one-to-six months minimum (varies from bank to bank)
- Minimum salary must be AED 3000 or more. For FAB Revolving Overdraft AED 2000 is the minimum salary required.
- Usually, you are required to transfer your salary to the bank from which you are availing the Personal Loan.
- You must pay back the loan before you turn 65 years (for expatriates) and 60 years (for UAE Nationals).
FAQs
⭐ I am an expat can I avail these loans?
A. Yes, you certainly can, provided you meet the eligibility requirements.
⭐ How likely are my chances to avail these loans?
A. If you have a good credit history then your chances of availing the loan gets increased.
⭐ Up to how much amount can I avail?
A. It depends on the monthly salary. FAB proivdes 2 times the monthly salary as maximum loan amount.
⭐ Are there any other options for salary less than AED 5000
A.Yes, There are. CheckPersonal loan with salary AED 3000 in UAEandPersonal loan with salary AED 4000 in UAE
⭐ What is a overdraft facility?
A. An overdraft facility is, the loan amount will be credited to the bank account and the loan holder needs to pay interest only on the amount used.
⭐ Does the company I work for needs to be listed on the banks approved list of companies?
A. Yes. For FAB Lifeline- revolving overdraft facility it is mandatory that your working company needs to be listed on the banks approved list of companies.
⭐ Do I need to give any collateral for these loans?
A. No, there is no requirement of collateral.
⭐What are the other personal loan options available?
A. Check here for banks that offer personal loans in Dubai.