Personal Loan for AED 4000 salary in UAE
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Thank you for providing your details.List of Personal Loans with salary of AED 4000
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 4000 salary in UAE
Banks in UAE are pessimistic about providing personal loan with a low minimum monthly salary. However, due to the increase in demand and in order to meet that, few banks do offer personal loans with minimum monthly salary AED 4000. But there are many things that you would need to have knowledge about if you are applying for a personal loan in UAE with less salary as the risk assessment procedure is bigger.
Documents required
This may vary from bank to bank or circumstances
- Loan application form – completed and duly signed
- Some identity documents like Passport, a 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, eligibility may vary from bank to bank but the basic eligibility is,
| Eligibility | Expats | UAE Nationals |
| Minimum Salary | AED 4000 | AED 4000 |
| Age | 21 - 65 years | 21 - 60 years |
| Salary Transfer | Yes | Yes |
| Employment | Both Salaried & Self-Employed | Both Salaried & Self-Employed |
FAQs
⭐ Is it possible for me to acquire if I am an Expat with monthly salary AED 4000?
A. Yes, it is available for both UAE Nationals and Expats.
⭐Are there any other lesser monthly salary options available?
A. Yes, you can avail a personal loan with minimum monthly salary as low as AED 3000. Click here for details of Personal loan in UAE with salary AED3000
⭐ What are my options for a personal loan with minimum monthly salary AED 4000?
A. Banks such as Dubai Islamic Bank and RAKBANK are the ones that offer loan options for a minimum salary of AED 3000.
⭐ What are the interest rates that would get charged on these loans?
A. The interest rate would differ from bank to bank but expect a higher rate as the salary required is less. The flat interest rate normally ranges from 2-11% whereas the reducing rate varies between 4.9-19%
⭐ Is salary transfer necessary?
A. Banks would usually prefer you have an account in their branch where your salary is transferred. This helps them to offset the risk involved in an unsecured form of finance. It also gives them the security and keeps a track of your income.
⭐ How much loan amount can i avail?
A. The loan amount depends proportionately on the salary range, you would not be able to avail high finance amount. If banks do sanction a high amount than the interest rates would be higher.
⭐ Is insurance required for these loans?
A. It is at bank's discretion, but most probably insurance would be required to offset the risk and we would advise you to take it too.
⭐ Do I need to provide my salary certificate?
A. Yes, they would mostly require your salary certificate. This is asked by the bank during your application processing stage to understand your salary breakdown. They would also want your designation at the company and your position to safeguard themselves from any fraud.
⭐ Are there any banks which do not require a salary transfer?
A. Dubai Islamic Bank Personal Finance may provide more competitive rates and flexibility if you transfer your salary however it is not mandatory. Even if the company you work for is listed then the bank may waive the requirement.
⭐ Is company listing necessary?
A.It is not mandatory for the company you are working to be listed. But if it is then it would fasten your process and increase your probability of approval.