Credit Bureau Consent, Welcome Offer & General Terms & Conditions
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SAMBA Personal Loans in UAE
SAMBA Personal Loan Details | |
---|---|
Minimum Salary | AED 5000 - AED 10000 per month (depends on the type of loan) |
Interest Rates | Reducing rate from 6.5% |
Maximum Loan Amount | AED 175K - AED 600K (depends on the nationality and type of loan) |
Early Settlement Fees | 1% of the outstanding loan amount |
Arrangement Fees | 1% of the approved loan amount |
Tenure | 48 months |
Age | 21 - 60 years(Expats) & 65 years(UAE Nationals) |
Features of SAMBA Personal Loan
- Maximum repayment period of up to 48 months
- Life Insurance available
- No guarantor needed
Eligibility Criteria of SAMBA Personal Loan
- Minimum salary of AED 5K-10K
Documents Required of SAMBA Personal Loan
- Copy of valid passport (with valid residence visa for non-UAE nationals)
- Proof of income
- Copy of valid passport (with valid residence visa for expatriates)
- Post-dated cheques
SAMBA Personal Loan Interest rates
2 SAMBA Bank Personal Loans
Salary Transfer Loan
Features
- Repayment period is up to 4 years
- The loan is provided for at reducing rate from 6.5%
- Minimum salary of AED 5,000 is required
Features
- Repayment period is up to 4 years
- The loan is provided for at reducing rate from 6.5%
- Minimum salary of AED 5,000 is required
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 600,000.
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Loans up to 20 times your salary
- Loan amounts of up to AED 600,000
- Convenient repayment periods of up to 48 months
- Attractive interest rates
- Automatic eligibility for a Samba Credit Card
- No collateral or guarantor required
- Life insurance up to loan amount
Personal Installment Loan
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 9% and 4.83%. This denotes that the computation done was a division of the reduction rate by 1.814
- The loan is provided for an interest rate of 18%
Features
- Repayment period is up to 4 years
- The loan is provided for an interest rate of 18%
- Minimum salary of AED 10,000 is required
- The reduction rate and the flat rate is 9% and 4.83%. This denotes that the computation done was a division of the reduction rate by 1.814
- It is not mandatory to transfer your salary to apply for this scheme
- Finance up to AED 175,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Loan amounts of up to AED 175,000
- Convenient repayment periods of up to 48 months
- Financial freedom when you need it with competitive rates and extended repayment terms!
Frequently Asked Questions
Q. Are only salaried employees eligible for Personal Installment loan of Samba Finance?
A. Yes. Only salaried employees are eligible for this loan.
Q. I am a not a UAE Resident. Is passport enough to avail this personal loan?
A. No. With passport you need to have a valid residence visa to gain this loan.
Q. Can I avail take over facility on Samba Finance personal loan?
A. Yes. Take over facility is available with Samba Finance personal loan.
Q. What’s the eligibility required to have Samba Finance Salary Transfer loan?
A. The customer should have a minimum salary of AED 5000 to have this loan.
Q. How can I avail personal loan from Samba Finance without the need of salary transfer?
A. Samba Finance provides Personal Installment loan that don’t require a transfer of salary to get the loan
Q. What’s the loan amount I can expect from Personal Installment loan?
A. You can get a loan amount of AED 175,000 from Personal Installment loan
About SAMBA
Established in 1980 through a Royal decree and headquartered in Saudi Arabia, SAMBA has evolved into the region’s most acclaimed financial services group. Having a presence in GCC, Europe and South Asia including London, Dubai, Qatar and Pakistan, SAMBA is the most internationally awarded bank in Saudi Arabia and the Middle East. They follow the values of :
- Dedication to customers
- Commitment to employees
- Constant improvement approach
- Fulfilling Corporate Social responsibility
- Superior returns to investors
SAMBA offers a wide range of Shariah-compliant Personal Finance solutions to match the different requirements of customers
Get in touch with SAMBA Bank Customer Care
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